The prices in real estate in Diamond 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 Diamond Springs has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $9,721. In the following month the price per sq.feet decreased considerably to $326. In the following two months the price per sq.feet has barely changed, going from $5,023.5 to $5,039 per sq.feet. The price per sq.feet has had a considerable deflation of 7 % 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 $5,031.25 to $334 during July, and August.
Based upon to the price in Diamond Springs (cities), these have remained the same in the last 6 months. The price in March is $523,111, rising in April till $579,286. In the following two months the average price has remained the same with regard to the previous two months from $551,198.5 to $525,690. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from $538,444.25 to $500,627 in July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $489,262 they are 52 % more affordable than the average price for Diamond Springs. The properties with the lowest average price have 3 bedrooms, Their price is 9 % cheaper than the average. After that we have properties with 4 bedrooms priced at $322,630.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $188 / sq.feet, with an average $338 / sq.feet price in Diamond Springs. The properties with the lowest average prices have 3 bedrooms. They are 20 % cheaper than the average followed by properties with 1 bedroom with a price at $269 / sq.feet.
With regard to the average price based upon the property in Diamond Springs we can see that the cheapest property type is "Apartment" at a price of $316,056, they are 35 % more affordable than the average price of (!PRECIO2!). "Apartment" has the lowest price. This price is 35 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "Apartment with an average price of $146 / sq.feet. "Apartment" with an average cost of $146 / sq.feet has the lowest price and would be directed at less affluent cities.