The prices in real estate in Palm Springs, in the California region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Palm Springs has increased during the last 6 months. In August, the average price per sq.feet was $254. In the following month the price per sq.feet increased to $274. In the following two months the price per sq.feet has increased 113 %, going from $264 to $297.5 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $280.75 to $289.5 during December y January
Based upon to the price in Palm Springs (cities), this has gone downing the last 6 months. The average price for August is $515,947. During September the price had a slight fall till $445,495. In the following two months the average price has remained the same with regard to the previous two months from $480,721 to $481,474.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 95 %, going from $481,097.75 to $456,846 in December and January.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $462,291 they are 69 % more affordable than the average price for Palm Springs. The properties with the highest average price have 4 bedrooms, Their price is 163 % more costly than the average. After that we have properties with 3 bedrooms priced at $662,212.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $217 / sq.feet, with an average $290 / sq.feet price in Palm Springs. The properties with the highest average prices have 4 bedrooms. They are 48 % more expensive than the average followed by properties with 3 bedrooms with a price at $342 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $462,291 it is 31 % 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 $554,006 it is 69 % 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 $200 / sq.feet followed by "Condo" priced at $252 / sq.feet. "House" is the most costly type of property with a $372 / sq.feet cost followed by "Commercial" with an average price of $299 / sq.feet.