The prices in real estate in Cerritos, in the California region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Cerritos has fallen in the last 6 months. In February, the average price per sq.feet was $308. In the following month the price per sq.feet increased to $340. The price for the following two months in (April, May) had a considerable decrease of 66 with regard to the prior two months. The price per sq.feet has had a considerable increase of 115 % 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 $268.5 to $309 during June, and July.
Based upon to the price in Cerritos (cities), this has gone up in the last 6 months. The price in February is $671,995, rising in March till $724,411. In the following two months the average price has remained the same with regard to the previous two months from $698,203 to $719,946. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $709,074.5 and $698,852 between June and July.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $697,386 they are 21 % more affordable than the average price for Cerritos. The properties with the highest average price have 4 bedrooms, Their price is 18 % more costly than the average. After that we have properties with 3 bedrooms priced at $640,631.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $378 / sq.feet, with an average $304 / sq.feet price in Cerritos. The properties with the highest average prices have 1 bedroom. They are 102 % more expensive than the average followed by properties with 3 bedrooms with a price at $437 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $697,386 it is 33 % 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 $465,996 it is 33 % 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 $528 / sq.feet followed by "Apartment" priced at $534 / sq.feet. "Apartment" is the most costly type of property with a $534 / sq.feet cost followed by "Condo" with an average price of $528 / sq.feet.