The prices in real estate in Chino Hills, 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 Chino Hills has increased strongly during the last 6 months. In November, the average price per sq.feet was $341. In December this price pretty much remained the same at a value of $346 per sq.feet. The price for the following two months in (January, February) had a considerable increment of 179 %. 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 $479 to $349 during March, and April.
Based upon to the price in Chino Hills (cities), these have remained the same in the last 6 months. The average price for November is $746,802. During December the price had a slight fall till $706,584. In the following two months the average price has remained the same with regard to the previous two months from $726,693 to $694,265. Based on an analysis of the first four prices and the last two months the average price has gone up 115 % 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 $757,382 they are 45 % more affordable than the average price for Chino Hills. The properties with the highest average price have 1 bedroom, Their price is 26 % more costly than the average. After that we have properties with 4 bedrooms priced at $746,088.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $337 / sq.feet, with an average $356 / sq.feet price in Chino Hills. The properties with the highest average prices have 1 bedroom. They are 465 % more expensive than the average followed by properties with 2 bedrooms with a price at $379 / sq.feet.
The graph displaying the average prices displays the property type "Commercial Property" as the most affordable one. At an cost of $757,382 it is 21 % cheaper than the average price in Chino Hills. "Land" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $876,760 it is 29 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial Property" at an average cost of $248 / sq.feet followed by "House" priced at $277 / sq.feet. "Condo" is the cheapest type of property with a $343 / sq.feet value followed by "Townhouse" with an average price of $301 / sq.feet.