Property prices for sale in West Palm Beach (Florida)
The prices in real estate in West Palm Beach, in the Florida 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 West Palm Beach has increased strongly during the last 6 months. In September, the average price per sq.feet was $885. In the following month the price per sq.feet decreased considerably to $712. The price for the following two months in (November, December) had a considerable increment of 139 %. The price per sq.feet has had a considerable increase of 131 % 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 $954.5 to $1,247 during January, and February.
Based upon to the price in West Palm Beach (cities), this has gone up considerably in the last 6 months. In our first sample month during September, the average price is $683,137. In October This price remains at $710,232. During the following two months (November, December) the average price had a considerable increase of 122 % 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 gone up 105 % 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 $900,219 they are 72 % more affordable than the average price for West Palm Beach. The properties with the highest average price have 4 bedrooms, Their price is 75 % more costly than the average. After that we have properties with 3 bedrooms priced at $741,239.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $308 / sq.feet, with an average $1,305 / sq.feet price in West Palm Beach. The properties with the lowest average prices have 4 bedrooms. They are 56 % cheaper than the average followed by properties with 3 bedrooms with a price at $401 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $900,219 it is 68 % cheaper than the average price in West Palm Beach. "Condo" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "Land". At a price of $1,006,091 it is 53 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $127 / sq.feet followed by "Condo" priced at $323 / sq.feet. "Villa" is the most costly type of property with a $6,742 / sq.feet cost followed by "Land" with an average price of $1,214 / sq.feet.
