The prices in real estate in Palmdale, 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 Palmdale has increased strongly during the last 6 months. In October, the average price per sq.feet was $177. In November this price pretty much remained the same at a value of $181 per sq.feet. In the following two months the price per sq.feet has increased 113 %, going from $179 to $202 per sq.feet. The price per sq.feet has increased 115 % 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 $190.5 to $219 during February, and March.
Based upon to the price in Palmdale (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $375,489. In November This price remains at $367,704. In the following two months the average price has remained the same with regard to the previous two months from $371,596.5 to $385,946.5. 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 $400,176 they are 48 % more affordable than the average price for Palmdale. The properties with the highest average price have 4 bedrooms, Their price is 19 % more costly than the average. After that we have properties with 3 bedrooms priced at $350,354.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $210 / sq.feet, with an average $221 / sq.feet price in Palmdale. The properties with the highest average prices have 1 bedroom. They are 45 % more expensive than the average followed by properties with 2 bedrooms with a price at $275 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $400,176 it is 41 % cheaper than the average price in Palmdale. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Commercial". At a price of $394,912 it is 7 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $142 / sq.feet followed by "Duplex" priced at $150 / sq.feet. "Land" is the most costly type of property with a $101,625 / sq.feet cost followed by "Townhouse" with an average price of $1,233 / sq.feet.