The prices in real estate in Covina, 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 Covina has had a strong decrease during the last 6 months. In February, the average price per sq.feet was $531. In the following month the price per sq.feet decreased considerably to $335. The price for the following two months in (April, May) had a considerable decrease of 72 with regard to the prior two months. The price per sq.feet has decreased 85 % 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 $372.75 to $318 during June, and July.
Based upon to the price in Covina (cities), these have remained the same in the last 6 months. In our first sample month during February, the average price is $530,337. In March This price remains at $541,951. In the following two months the average price has remained the same with regard to the previous two months from $536,144 to $512,082.5. 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 $524,113.25 and $518,115 between June and July.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $554,100 they are 4 % more affordable than the average price for Covina. The properties with the highest average price have 4 bedrooms, Their price is 21 % more costly than the average. After that we have properties with 1 bedroom priced at $530,661.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $322 / sq.feet, with an average $339 / sq.feet price in Covina. The properties with the highest average prices have 1 bedroom. They are 6 % more expensive than the average followed by properties with 2 bedrooms with a price at $350 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $554,100 it is 11 % cheaper than the average price in Covina. "House" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "Office". At a price of $611,405 it is 43 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $269 / sq.feet followed by "House" priced at $284 / sq.feet. "Land" is the most costly type of property with a $519 / sq.feet cost followed by "Townhouse" with an average price of $327 / sq.feet.