The prices in real estate in Palm City, in the Florida region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Palm City has increased during the last 6 months. In November, the average price per sq.feet was $179. In December this price pretty much remained the same at a value of $187 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $183 to $181 per sq.feet. The price per sq.feet has increased 113 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $182 to $206.5 during March, and April.
Based upon to the price in Palm City (cities), this has gone up in the last 6 months. The average price during our first sample month during November, is $405,869. During December the price went through a considerable rise reaching $470,891. During the following two months (January, February) the price has had an average incrementation from $438,380 to $461,274.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $449,827.25 and $450,025.5 between March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $494,690 they are 51 % more affordable than the average price for Palm City. The properties with the highest average price have 1 bedroom, Their price is 22 % more costly than the average. After that we have properties with 4 bedrooms priced at $593,160.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $144 / sq.feet, with an average $223 / sq.feet price in Palm City. The properties with the lowest average prices have 3 bedrooms. They are 20 % cheaper than the average followed by properties with 1 bedroom with a price at $177 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $494,690 it is 9 % cheaper than the average price in Palm City. "Bungalow" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $494,409 it is 14 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $148 / sq.feet followed by "Bungalow" priced at $156 / sq.feet. "House" is the cheapest type of property with a $167 / sq.feet value followed by "Condo" with an average price of $161 / sq.feet.