The prices in real estate in Desert Hot Springs, 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 Desert Hot Springs has had a strong decrease during the last 6 months. In May, the average price per sq.feet was $268. In the following month the price per sq.feet decreased considerably to $183. The price for the following two months in (July, August) had a considerable decrease of 81 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 72 % 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 $204.25 to $147 during September, and October.
Based upon to the price in Desert Hot Springs (cities), this has gone up in the last 6 months. The price in May is $244,643, rising in June till $262,084. During the following two months (July, August) the price has had an average incrementation from $253,363.5 to $286,875.5. During the last two months the average price has had a strong fall compared to the previous four going from $270,119.5 to $229,281.5, which means a 85 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $246,852 they are 70 % more affordable than the average price for Desert Hot Springs. The properties with the highest average price have 4 bedrooms, Their price is 26 % more costly than the average. After that we have properties with 3 bedrooms priced at $254,062.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $115 / sq.feet, with an average $158 / sq.feet price in Desert Hot Springs. The properties with the highest average prices have 4 bedrooms. They are 2 % more expensive than the average followed by properties with 3 bedrooms with a price at $159 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $246,852 it is 25 % cheaper than the average price in Desert Hot Springs. "House" is seen as the second most affordable property type. The dearest property type is "Duplex" followed by "Detached House". At a price of $698,538 it is 186 % 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 $94 / sq.feet followed by "House" priced at $170 / sq.feet. "Duplex" is the most costly type of property with a $986 / sq.feet cost followed by "Detached House" with an average price of $975 / sq.feet.