The prices in real estate in Arcadia, in the California 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 Arcadia has increased strongly during the last 6 months. In January, the average price per sq.feet was $577. In the following month the price per sq.feet decreased to $545. In the following two months the price per sq.feet has barely changed, going from $561 to $559 per sq.feet. The price per sq.feet has had a considerable increase of 171 % 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 $560 to $956 during May, and June.
Based upon to the price in Arcadia (cities), this has gone up in the last 6 months. The average price for January is $2,250,770. During February the price had a slight fall till $2,013,877. During the following two months (March, April) the price has had an average incrementation from $2,132,323.5 to $2,279,949. Based on an analysis of the first four prices and the last two months the average price has risen strongly 139 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $3,593,446 they are 80 % more affordable than the average price for Arcadia. The properties with the highest average price have 1 bedroom, Their price is 58 % more costly than the average. After that we have properties with 4 bedrooms priced at $1,681,076.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $502 / sq.feet, with an average $736 / sq.feet price in Arcadia. The properties with the highest average prices have 1 bedroom. They are 1019 % more expensive than the average followed by properties with 4 bedrooms with a price at $574 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $3,593,446 it is 73 % cheaper than the average price in Arcadia. "Detached House" is seen as the second most affordable property type. The cheapest type property is "Office" followed by "Apartment". At a price of $1,681,076 it is 43 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $426 / sq.feet followed by "Apartment" priced at $574 / sq.feet. "Detached House" is the most costly type of property with a $2,373 / sq.feet cost followed by "Townhouse" with an average price of $607 / sq.feet.