The prices in real estate in Canoga Park, 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 Canoga Park has had a strong decrease during the last 6 months. In December, the average price per sq.feet was $373. In the following month the price per sq.feet decreased considerably to $203. The price for the following two months in (February, March) had a considerable decrease of 75 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 73 % 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 $252 to $184.5 during April, and May.
Based upon to the price in Canoga Park (cities), this has fallen considerably in the last 6 months. The average price for December is $627,093. During January the price had a considerable reduction till $443,408. During the following two months (February, March) the average price had a considerable reduction of 79 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from $479,998 to $444,267.5 in April and May.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $386,631 they are 18 % more affordable than the average price for Canoga Park. The properties with the highest average price have 4 bedrooms, Their price is 86 % more costly than the average. After that we have properties with 3 bedrooms priced at $646,566.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $229 / sq.feet, with an average $199 / sq.feet price in Canoga Park. The properties with the highest average prices have 1 bedroom. They are 150 % more expensive 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 "Condo" as the most costly one. At an cost of $386,631 it is 13 % more expensive than the average price in Canoga Park. "House" is seen as the second dearest property type. The dearest property type is "Townhouse" followed by "Duplex". At a price of $697,119 it is 113 % 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 $103 / sq.feet followed by "Condo" priced at $314 / sq.feet. "Townhouse" is the most costly type of property with a $26,930 / sq.feet cost followed by "Duplex" with an average price of $346 / sq.feet.