The prices in real estate in Polk City, in the Florida 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 Polk City has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $321. In the following month the price per sq.feet decreased considerably to $182. The price for the following two months in (January, February) had a considerable decrease of 63 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 69 % 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 $205.25 to $142 during March, and April.
Based upon to the price in Polk City (cities), this has fallen considerably in the last 6 months. The average price for November is $342,968. During December the price had a slight fall till $322,217. During the following two months (January, February) the average price had a considerable reduction of 82 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $301,867.75 to $220,795, which means a 73 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $228,570 they are 30 % more affordable than the average price for Polk City. The properties with the highest average price have 4 bedrooms, Their price is 48 % more costly than the average. After that we have properties with 3 bedrooms priced at $234,964.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $146 / sq.feet, with an average $148 / sq.feet price in Polk City. The properties with the highest average prices have 4 bedrooms. They are 55 % more expensive than the average followed by properties with 1 bedroom with a price at $175 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $228,570 it is 13 % cheaper than the average price in Polk City. "House" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "House". At a price of $254,089 it is 47 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $84 / sq.feet followed by "House" priced at $152 / sq.feet. "Villa" is the most costly type of property with a $1,367 / sq.feet cost followed by "House" with an average price of $152 / sq.feet.