The prices in real estate in Imperial, 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 Imperial has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $254. In the following month the price per sq.feet decreased considerably to $176. In the following two months the price per sq.feet has barely changed, going from $215 to $204.5 per sq.feet. The price per sq.feet has increased 107 % 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 $209.75 to $224.5 during February, and March.
Based upon to the price in Imperial (cities), this has fallen considerably in the last 6 months. The average price for October is $450,343. During November the price had a considerable reduction till $291,265. During the following two months (December, January) the average price had a considerable reduction of 83 % 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 $338,575 and $332,663.5 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $326,254 they are 10 % more affordable than the average price for Imperial. The properties with the highest average price have 4 bedrooms, Their price is 2 % more costly than the average. After that we have properties with 1 bedroom priced at $294,910.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $128 / sq.feet, with an average $223 / sq.feet price in Imperial. The properties with the lowest average prices have 1 bedroom. They are 38 % cheaper than the average followed by properties with 4 bedrooms with a price at $128 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $326,254 it is 38 % cheaper than the average price in Imperial. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Apartment". At a price of $200,981 it is 10 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $121 / sq.feet followed by "House" priced at $139 / sq.feet. "House" is the cheapest type of property with a $139 / sq.feet value followed by "Apartment" with an average price of $121 / sq.feet.