The prices in real estate in Hemet, 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 Hemet has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $456. In the following month the price per sq.feet decreased considerably to $100. The price for the following two months in (June, July) had a considerable decrease of 49 with regard to the prior two months. The price per sq.feet has had a considerable increase of 199 % 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 $207.75 to $413.5 during August, and September.
Based upon to the price in Hemet (cities), this has fallen considerably in the last 6 months. The average price for April is $764,705. During May the price had a considerable reduction till $249,585. During the following two months (June, July) the average price had a considerable reduction of 60 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 172 % 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 $237,489 they are 27 % more affordable than the average price for Hemet. The properties with the highest average price have 4 bedrooms, Their price is 40 % more costly than the average. After that we have properties with 3 bedrooms priced at $307,175.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $135 / sq.feet, with an average $158 / sq.feet price in Hemet. The properties with the highest average prices have 1 bedroom. They are 49 % more expensive than the average followed by properties with 3 bedrooms with a price at $187 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $237,489 it is 43 % cheaper than the average price in Hemet. "Land" is seen as the second most affordable property type. The dearest property type is "Farm" followed by "Duplex". At a price of $268,597 it is 195 % 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 $150 / sq.feet followed by "Land" priced at $166 / sq.feet. "Farm" is the most costly type of property with a $32,438 / sq.feet cost followed by "Duplex" with an average price of $215 / sq.feet.