The prices in real estate in Palm Harbor, 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 Harbor has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $410. In the following month the price per sq.feet decreased considerably to $193. The price for the following two months in (June, July) had a considerable decrease of 83 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 65 % 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 $180 during August, and September.
Based upon to the price in Palm Harbor (cities), this has fallen considerably in the last 6 months. The average price for April is $594,129. During May the price had a considerable reduction till $404,691. During the following two months (June, July) the average price had a considerable increase of 116 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $538,661.25 to $278,023, which means a 52 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $288,588 they are 52 % more affordable than the average price for Palm Harbor. The properties with the highest average price have 4 bedrooms, Their price is 96 % more costly than the average. After that we have properties with 3 bedrooms priced at $356,476.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $169 / sq.feet, with an average $180 / sq.feet price in Palm Harbor. The properties with the highest average prices have 4 bedrooms. They are 8 % more expensive than the average followed by properties with 3 bedrooms with a price at $193 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $288,588 it is 37 % cheaper than the average price in Palm Harbor. "Office" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $354,477 it is 35 % 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 $145 / sq.feet followed by "Office" priced at $147 / sq.feet. "Commercial" is the most costly type of property with a $332 / sq.feet cost followed by "House" with an average price of $182 / sq.feet.