The prices in real estate in Fresno, in the California region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Fresno has increased strongly during the last 6 months. In February, the average price per sq.feet was $103. In the following month the price per sq.feet increased considerably to $127. In the following two months the price per sq.feet has increased 107 %, going from $115 to $123 per sq.feet. The price per sq.feet has had a considerable increase of 132 % 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 $119 to $157.5 during June, and July.
Based upon to the price in Fresno (cities), this has gone up considerably in the last 6 months. The price in February is $237,043, rising in March till $251,111. In the following two months the average price has remained the same with regard to the previous two months from $244,077 to $241,039. Based on an analysis of the first four prices and the last two months the average price has risen strongly 146 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $353,846 they are 56 % more affordable than the average price for Fresno. The properties with the highest average price have 4 bedrooms, Their price is 38 % more costly than the average. After that we have properties with 3 bedrooms priced at $417,782.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $164 / sq.feet, with an average $183 / sq.feet price in Fresno. The properties with the highest average prices have 4 bedrooms. They are 4 % more expensive than the average followed by properties with 3 bedrooms with a price at $170 / sq.feet.
The graph displaying the average prices displays the property type "Villa" as the most affordable one. At an cost of $353,846 it is 10 % cheaper than the average price in Fresno. "Commercial" is seen as the second most affordable property type. The dearest property type is "House" followed by "Commercial". At a price of $348,651 it is 11 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $155 / sq.feet followed by "Villa" priced at $161 / sq.feet. "House" is the cheapest type of property with a $163 / sq.feet value followed by "Villa" with an average price of $161 / sq.feet.