The prices in real estate in Berkeley, 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 Berkeley has increased strongly during the last 6 months. In April, the average price per sq.feet was $507. In the following month the price per sq.feet increased considerably to $644. The price for the following two months in (June, July) had a considerable increment of 125 %. The price per sq.feet has increased 109 % 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 $646.75 to $703.5 during August, and September.
Based upon to the price in Berkeley (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during April, is $980,630. During May the price went through a considerable rise reaching $1,829,700. During the following two months (June, July) the price has had an average incrementation from $1,405,165 to $1,606,160. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 87 %, going from $1,505,662.5 to $1,308,704.5 in August and September.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,172,451 they are 41 % more affordable than the average price for Berkeley. The properties with the highest average price have 4 bedrooms, Their price is 30 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,222,618.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $537 / sq.feet, with an average $674 / sq.feet price in Berkeley. The properties with the highest average prices have 1 bedroom. They are 18 % more expensive than the average followed by properties with 2 bedrooms with a price at $747 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $1,172,451 it is 43 % 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 $1,351,903 it is 332 % 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 $670 / sq.feet followed by "Condo" priced at $835 / sq.feet. "Duplex" is the most costly type of property with a $4,420 / sq.feet cost followed by "Office" with an average price of $1,169 / sq.feet.