The prices in real estate in Berkeley, in the California 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 Berkeley has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $735. In the following month the price per sq.feet decreased considerably to $533. The price for the following two months in (September, October) had a considerable decrease of 82 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 $577 to $605 during November y December
Based upon to the price in Berkeley (cities), these have remained the same in the last 6 months. The average price for July is $998,831. During August the price had a considerable reduction till $802,425. During the following two months (September, October) the price has had an average incrementation from $900,628 to $989,511.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 124 % 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 $1,122,648 they are 48 % more affordable than the average price for Berkeley. The properties with the highest average price have 4 bedrooms, Their price is 21 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,120,747.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $563 / sq.feet, with an average $588 / sq.feet price in Berkeley. The properties with the highest average prices have 2 bedrooms. They are 22 % more expensive than the average followed by properties with 1 bedroom with a price at $620 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $1,122,648 it is 40 % cheaper than the average price in Berkeley. "Condo" is seen as the second most affordable property type. The dearest property type is "Duplex" followed by "House". At a price of $1,180,701 it is 353 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $537 / sq.feet followed by "Condo" priced at $712 / sq.feet. "Duplex" is the most costly type of property with a $4,440 / sq.feet cost followed by "Office" with an average price of $1,187 / sq.feet.