The prices in real estate in Palm Coast, in the Florida region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Palm Coast has had a strong decrease during the last 6 months. In January, the average price per sq.feet was $389. In the following month the price per sq.feet decreased considerably to $215. The price for the following two months in (March, April) had a considerable decrease of 82 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 82 % 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 $275.25 to $225 during May, and June.
Based upon to the price in Palm Coast (cities), this has gone up in the last 6 months. The average price during our first sample month during January, is $282,793. During February the price went through a considerable rise reaching $354,364. In the following two months the average price has remained the same with regard to the previous two months from $318,578.5 to $315,943. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 92 %, going from $317,260.75 to $291,378 in May and June.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $314,265 they are 28 % more affordable than the average price for Palm Coast. The properties with the highest average price have 4 bedrooms, Their price is 13 % more costly than the average. After that we have properties with 3 bedrooms priced at $324,182.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $151 / sq.feet, with an average $255 / sq.feet price in Palm Coast. The properties with the highest average prices have 1 bedroom. They are 804 % more expensive than the average followed by properties with 2 bedrooms with a price at $588 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $314,265 it is 90 % cheaper than the average price in Palm Coast. "Condo" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $343,287 it is 291 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $34 / sq.feet followed by "House" priced at $165 / sq.feet. "Commercial" is the most costly type of property with a $6,827 / sq.feet cost followed by "Condo" with an average price of $1,830 / sq.feet.