Property prices for sale in Palmer (Alaska)
The prices in real estate in Palmer, in the Alaska 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 Palmer has increased strongly during the last 6 months. In October, the average price per sq.feet was $1,170. In the following month the price per sq.feet increased considerably to $1,613. The price for the following two months in (December, January) had a considerable increment of 170 %. The price per sq.feet has had a considerable increase of 436 % 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 $1,880 to $8,199.5 during February, and March.
Based upon to the price in Palmer (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $382,614. In November This price remains at $398,022. In the following two months the average price has remained the same with regard to the previous two months from $390,318 to $399,510. During the last two months the average price has had a strong fall compared to the previous four going from $394,914 to $335,472, which means a 85 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $354,021 they are 41 % more affordable than the average price for Palmer. The properties with the highest average price have 4 bedrooms, Their price is 31 % more costly than the average. After that we have properties with 2 bedrooms priced at $416,849.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $184 / sq.feet, with an average $14,793 / sq.feet price in Palmer. The properties with the lowest average prices have 2 bedrooms. They are 98 % cheaper than the average followed by properties with 1 bedroom with a price at $200 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $354,021 it is 55 % cheaper than the average price in Palmer. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Detached House". At a price of $401,021 it is 16 % 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 $131 / sq.feet followed by "Detached House" priced at $141 / sq.feet. "House" is the cheapest type of property with a $190 / sq.feet value followed by "Apartment" with an average price of $161 / sq.feet.
