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 May, the average price per sq.feet was $1,212. In the following month the price per sq.feet decreased considerably to $886. The price for the following two months in (July, August) decreased 91 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 14 % 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 $1,001.5 to $141 during September, and October.
Based upon to the price in Palm Coast (cities), this has gone downing the last 6 months. The average price for May is $312,642. During June the price had a slight fall till $282,347. During the following two months (July, August) the average price fell 91 % with regard to the previous two months. 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 $284,500.75 and $291,884.5 between September and October.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $293,036 they are 28 % more affordable than the average price for Palm Coast. The properties with the highest average price have 3 bedrooms, Their price is 13 % more costly than the average. After that we have properties with 4 bedrooms priced at $322,162.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $135 / sq.feet, with an average $152 / sq.feet price in Palm Coast. The properties with the highest average prices have 1 bedroom. They are 104 % more expensive than the average followed by properties with 3 bedrooms with a price at $175 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $293,036 it is 54 % cheaper than the average price in Palm Coast. "Duplex" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Condo". At a price of $336,340 it is 165 % 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 $11 / sq.feet followed by "House" priced at $151 / sq.feet. "Commercial" is the most costly type of property with a $1,316 / sq.feet cost followed by "Duplex" with an average price of $368 / sq.feet.