The prices in real estate in Cerritos, 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 Cerritos has increased strongly during the last 6 months. In October, the average price per sq.feet was . In the following month the price per sq.feet increased considerably to $415. The price for the following two months in (December, January) had a considerable increment of 249 %. The price per sq.feet has had a considerable increase of 167 % 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 $361.75 to $603 during February, and March.
Based upon to the price in Cerritos (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is . During November the price went through a considerable rise reaching $803,618. During the following two months (December, January) the average price had a considerable increase of 161 % 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 risen strongly 122 % 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 $749,376 they are 42 % more affordable than the average price for Cerritos. The properties with the highest average price have 4 bedrooms, Their price is 11 % more costly than the average. After that we have properties with 3 bedrooms priced at $632,886.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $389 / sq.feet, with an average $398 / sq.feet price in Cerritos. The properties with the highest average prices have 1 bedroom. They are 831 % more expensive than the average followed by properties with 3 bedrooms with a price at $436 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $749,376 it is 37 % cheaper than the average price in Cerritos. "Apartment" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "Condo". At a price of $473,524 it is 37 % more affordable than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Condo" at an average cost of $544 / sq.feet followed by "Apartment" priced at $545 / sq.feet. "Apartment" is the most costly type of property with a $545 / sq.feet cost followed by "Condo" with an average price of $544 / sq.feet.