The prices in real estate in Palm Springs, in the California region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Palm Springs has fallen in the last 6 months. In April, the average price per sq.feet was $335. In the following month the price per sq.feet decreased to $300. The price for the following two months in (June, July) decreased 90 % with regard to the prior two months. The price per sq.feet has decreased 93 % 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 $301.25 to $280 during August, and September.
Based upon to the price in Palm Springs (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during April, is $375,539. During May the price went through a considerable rise reaching $529,375. During the following two months (June, July) the price has had an average incrementation from $452,457 to $516,559. Based on an analysis of the first four prices and the last two months the average price has gone up 106 % 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 $487,727 they are 70 % more affordable than the average price for Palm Springs. The properties with the highest average price have 4 bedrooms, Their price is 92 % more costly than the average. After that we have properties with 3 bedrooms priced at $635,749.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $225 / sq.feet, with an average $271 / sq.feet price in Palm Springs. The properties with the highest average prices have 4 bedrooms. They are 34 % more expensive than the average followed by properties with 3 bedrooms with a price at $320 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $487,727 it is 61 % 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 "Commercial". At a price of $562,954 it is 32 % 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 $187 / sq.feet followed by "Townhouse" priced at $211 / sq.feet. "Commercial" is the most costly type of property with a $315 / sq.feet cost followed by "House" with an average price of $313 / sq.feet.