The prices in real estate in Colfax, 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 Colfax has had a strong decrease during the last 6 months. In May, the average price per sq.feet was $546. In the following month the price per sq.feet increased considerably to $631. The price for the following two months in (July, August) had a considerable decrease of 43 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 61 % 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 $419.75 to $256 during September, and October.
Based upon to the price in Colfax (cities), this has fallen considerably in the last 6 months. The average price for May is $1,484,380. During June the price had a slight fall till $1,385,227. During the following two months (July, August) the average price had a considerable reduction of 39 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $996,389.5 to $495,373.5, which means a 50 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $505,668 they are 66 % more affordable than the average price for Colfax. The properties with the highest average price have 4 bedrooms, Their price is 67 % more costly than the average. After that we have properties with 3 bedrooms priced at $548,401.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $252 / sq.feet, with an average $252 / sq.feet price in Colfax. The properties with the highest average prices have 4 bedrooms. They are 4 % more expensive than the average followed by properties with 1 bedroom with a price at $260 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $505,668 it is 55 % cheaper than the average price in Colfax. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $228,771 it is 7 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $211 / sq.feet followed by "House" priced at $255 / sq.feet. "House" is the most costly type of property with a $255 / sq.feet cost followed by "Condo" with an average price of $211 / sq.feet.