The prices in real estate in Glendale, 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 Glendale has increased strongly during the last 6 months. In April, the average price per sq.feet was $402. In the following month the price per sq.feet increased considerably to $474. In the following two months the price per sq.feet has increased 115 %, going from $438 to $503.5 per sq.feet. The price per sq.feet has increased 112 % 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 $470.75 to $526.5 during August, and September.
Based upon to the price in Glendale (cities), this has gone up considerably in the last 6 months. The price in April is $924,169, rising in May till $1,036,414. During the following two months (June, July) the average price had a considerable increase of 118 % with regard to the previous two months. 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 $1,069,752.75 and $1,041,572.5 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 $1,028,890 they are 56 % more affordable than the average price for Glendale. The properties with the highest average price have 4 bedrooms, Their price is 13 % more costly than the average. After that we have properties with 3 bedrooms priced at $948,718.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $473 / sq.feet, with an average $521 / sq.feet price in Glendale. The properties with the highest average prices have 1 bedroom. They are 13 % more expensive than the average followed by properties with 2 bedrooms with a price at $513 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $1,028,890 it is 56 % cheaper than the average price in Glendale. "Condo" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "House". At a price of $1,140,530 it is 63 % 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 $467 / sq.feet followed by "Duplex" priced at $508 / sq.feet. "Commercial" is the most costly type of property with a $3,235 / sq.feet cost followed by "Townhouse" with an average price of $1,546 / sq.feet.