Property prices for sale in Palm Springs (California)
The prices in real estate in Palm Springs, in the California 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 Springs has increased strongly during the last 6 months. In October, the average price per sq.feet was $550. In November this price pretty much remained the same at a value of $531 per sq.feet. The price for the following two months in (December, January) had a considerable increment of 159 %. The price per sq.feet has had a considerable increase of 264 % 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 $699.25 to $1,848 during February, and March.
Based upon to the price in Palm Springs (cities), this has gone downing the last 6 months. The average price for October is $1,145,816. During November the price had a considerable reduction till $968,054. In the following two months the average price has remained the same with regard to the previous two months from $1,056,935 to $1,023,856. Based on an analysis of the first four prices and the last two months the average price has gone up 109 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,164,205 they are 77 % more affordable than the average price for Palm Springs. The properties with the highest average price have 4 bedrooms, Their price is 58 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,168,076.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $369 / sq.feet, with an average $2,055 / sq.feet price in Palm Springs. The properties with the highest average prices have 4 bedrooms. They are 199 % more expensive than the average followed by properties with 3 bedrooms with a price at $2,006 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $1,164,205 it is 77 % cheaper than the average price in Palm Springs. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $1,263,617 it is 37 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $359 / sq.feet followed by "Townhouse" priced at $627 / sq.feet. "Land" is the most costly type of property with a $475,027 / sq.feet cost followed by "House" with an average price of $5,138 / sq.feet.
