The prices in real estate in Escondido, 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 Escondido has had a strong decrease during the last 6 months. In December, the average price per sq.feet was $539. In the following month the price per sq.feet decreased considerably to $424. The price for the following two months in (February, March) had a considerable decrease of 65 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 77 % 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 $397.75 to $307.5 during April, and May.
Based upon to the price in Escondido (cities), these have remained the same in the last 6 months. In our first sample month during December, the average price is $684,823. In January This price remains at $697,655. In the following two months the average price has remained the same with regard to the previous two months from $691,239 to $694,393. 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 $692,816 and $704,176.5 between April and May.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $684,346 they are 55 % more affordable than the average price for Escondido. The properties with the highest average price have 4 bedrooms, Their price is 9 % more costly than the average. After that we have properties with 3 bedrooms priced at $641,031.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $275 / sq.feet, with an average $291 / sq.feet price in Escondido. The properties with the highest average prices have 1 bedroom. They are 124 % more expensive than the average followed by properties with 2 bedrooms with a price at $315 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $684,346 it is 68 % cheaper than the average price in Escondido. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "House". At a price of $723,283 it is 47 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $244 / sq.feet followed by "Duplex" priced at $254 / sq.feet. "Condo" is the most costly type of property with a $2,794 / sq.feet cost followed by "Detached House" with an average price of $300 / sq.feet.