The prices in real estate in Palmer, in the Alaska region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Palmer has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $707. In the following month the price per sq.feet decreased considerably to $576. The price for the following two months in (September, October) had a considerable decrease of 31 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 40 % 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 $420.5 to $167.5 during November, and December.
Based upon to the price in Palmer (cities), this has gone up considerably in the last 6 months. In our first sample month during July, the average price is $230,603. In August This price remains at $230,517. During the following two months (September, October) the average price had a considerable increase of 139 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 133 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the most costly ones. At a price of $365,703 they are 14 % more expensive than the average price for Palmer. Following this ranking we find those properties with 1 at an average price of $776,307. The properties with the highest average price have 1 bedroom, Their price is 112 % more costly than the average. After that we have properties with 4 bedrooms priced at $416,581.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $179 / sq.feet, with an average $168 / sq.feet price in Palmer. The properties with the highest average prices have 1 bedroom. They are 7026 % more expensive than the average followed by properties with 4 bedrooms with a price at $179 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $365,703 it is 55 % cheaper than the average price in Palmer. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $414,500 it is 14 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Townhouse" at an average cost of $169 / sq.feet followed by "Condo" priced at $174 / sq.feet. "Office" is the most costly type of property with a $186 / sq.feet cost followed by "House" with an average price of $179 / sq.feet.