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 April, the average price per sq.feet was $291. In the following month the price per sq.feet increased considerably to $347. In the following two months the price per sq.feet has barely changed, going from $319 to $326.5 per sq.feet. The price per sq.feet has had a considerable deflation of 82 % 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 $322.75 to $264 during August, and September.
Based upon to the price in Palm Springs (cities), these have remained the same in the last 6 months. The average price during our first sample month during April, is $627,303. During May the price went through a considerable rise reaching $770,578. During the following two months (June, July) the price has had an average incrementation from $698,940.5 to $777,124.5. During the last two months the average price has had a strong fall compared to the previous four going from $738,032.5 to $480,721, which means a 65 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $445,495 they are 65 % more affordable than the average price for Palm Springs. The properties with the highest average price have 4 bedrooms, Their price is 165 % more costly than the average. After that we have properties with 3 bedrooms priced at $566,755.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $225 / sq.feet, with an average $274 / sq.feet price in Palm Springs. The properties with the highest average prices have 4 bedrooms. They are 50 % more expensive than the average followed by properties with 3 bedrooms with a price at $294 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $445,495 it is 40 % 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 $556,230 it is 91 % 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 $199 / sq.feet followed by "Condo" priced at $228 / sq.feet. "House" is the most costly type of property with a $371 / sq.feet cost followed by "Commercial" with an average price of $303 / sq.feet.