The prices in real estate in Palm Coast, in the Florida region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Palm Coast has increased strongly during the last 6 months. In March, the average price per sq.feet was $223. In April this price pretty much remained the same at a value of $226 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $224.5 to $227.5 per sq.feet. The price per sq.feet has had a considerable increase of 778 % 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 $226 to $1,758.5 during July, and August.
Based upon to the price in Palm Coast (cities), these have remained the same in the last 6 months. In our first sample month during March, the average price is $427,419. In April This price remains at $444,675. In the following two months the average price has remained the same with regard to the previous two months from $436,047 to $438,928. 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 $437,487.5 and $436,398 between July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $425,108 they are 37 % more affordable than the average price for Palm Coast. The properties with the highest average price have 4 bedrooms, Their price is 18 % more costly than the average. After that we have properties with 3 bedrooms priced at $460,250.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $513 / sq.feet, with an average $1,843 / sq.feet price in Palm Coast. The properties with the highest average prices have 3 bedrooms. They are 11 % more expensive than the average followed by properties with 4 bedrooms with a price at $947 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $425,108 it is 55 % cheaper than the average price in Palm Coast. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "Condo". At a price of $505,647 it is 43 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $216 / sq.feet followed by "Detached House" priced at $222 / sq.feet. "Land" is the most costly type of property with a $2,651 / sq.feet cost followed by "House" with an average price of $1,649 / sq.feet.