The prices in real estate in Hemet, in the California region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Hemet has fallen in the last 6 months. In September, the average price per sq.feet was $157. In October this price pretty much remained the same at a value of $157 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $157 to $162.5 per sq.feet. The price per sq.feet has had a considerable deflation of 78 % 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 $159.75 to $124.5 during January, and February.
Based upon to the price in Hemet (cities), these have remained the same in the last 6 months. The average price for September is $246,478. During October the price had a slight fall till $234,080. During the following two months (November, December) the average price had a considerable increase of 117 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $260,871.75 to $212,912, which means a 82 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $208,837 they are 61 % more affordable than the average price for Hemet. The properties with the highest average price have 4 bedrooms, Their price is 59 % more costly than the average. After that we have properties with 3 bedrooms priced at $243,292.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of $126 / sq.feet, with an average $113 / sq.feet price in Hemet. The properties with the highest average prices have 1 bedroom. They are 36 % more expensive than the average followed by properties with 4 bedrooms with a price at $152 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $208,837 it is 2 % cheaper than the average price in Hemet. "House" is seen as the second most affordable property type. The dearest property type is "Farm" followed by "Duplex". At a price of $270,488 it is 238 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $54 / sq.feet followed by "Condo" priced at $125 / sq.feet. "Farm" is the most costly type of property with a $32,669 / sq.feet cost followed by "Duplex" with an average price of $222 / sq.feet.