The prices in real estate in Garden Grove, 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 Garden Grove has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $782. In the following month the price per sq.feet increased considerably to $1,183. The price for the following two months in (June, July) had a considerable decrease of 50 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 55 % 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 $734.5 to $402 during August, and September.
Based upon to the price in Garden Grove (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during April, is $501,016. During May the price went through a considerable rise reaching $651,249. In the following two months the average price has remained the same with regard to the previous two months from $576,132.5 to $601,633. 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 $588,882.75 and $596,256.5 between August and September.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $609,630 they are 48 % more affordable than the average price for Garden Grove. 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 3 bedrooms priced at $615,211.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $381 / sq.feet, with an average $414 / sq.feet price in Garden Grove. The properties with the highest average prices have 1 bedroom. They are 10 % more expensive than the average followed by properties with 3 bedrooms with a price at $441 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $609,630 it is 32 % cheaper than the average price in Garden Grove. "Commercial" is seen as the second most affordable property type. The dearest property type is "Office" followed by "House". At a price of $786,157 it is 33 % 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 $325 / sq.feet followed by "Duplex" priced at $368 / sq.feet. "Office" is the most costly type of property with a $2,506 / sq.feet cost followed by "Commercial" with an average price of $2,340 / sq.feet.