The prices in real estate in West Palm Beach, in the Florida 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 West Palm Beach has increased during the last 6 months. In October, the average price per sq.feet was $183. In the following month the price per sq.feet increased considerably to $227. The price for the following two months in (December, January) decreased 95 % with regard to the prior two months. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $199.5 to $205.5 during February y March
Based upon to the price in West Palm Beach (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $252,412. During November the price went through a considerable rise reaching $341,856. In the following two months the average price has remained the same with regard to the previous two months from $297,134 to $301,621.5. Based on an analysis of the first four prices and the last two months the average price has gone up 108 % 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 $307,517 they are 66 % more affordable than the average price for West Palm Beach. The properties with the highest average price have 4 bedrooms, Their price is 105 % more costly than the average. After that we have properties with 3 bedrooms priced at $440,624.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $141 / sq.feet, with an average $216 / sq.feet price in West Palm Beach. The properties with the highest average prices have 3 bedrooms. They are 14 % more expensive than the average followed by properties with 4 bedrooms with a price at $243 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $307,517 it is 33 % cheaper than the average price in West Palm Beach. "Duplex" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "House". At a price of $625,155 it is 262 % 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 $140 / sq.feet followed by "Duplex" priced at $184 / sq.feet. "Villa" is the most costly type of property with a $4,921 / sq.feet cost followed by "Condo" with an average price of $342 / sq.feet.