The prices in real estate in Joshua Tree, 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 Joshua Tree has had a strong decrease during the last 6 months. In May, the average price per sq.feet was $1,578. In the following month the price per sq.feet decreased considerably to $1,207. The price for the following two months in (July, August) had a considerable decrease of 64 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 18 % 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 $1,142.75 to $211 during September, and October.
Based upon to the price in Joshua Tree (cities), this has fallen considerably in the last 6 months. The average price during our first sample month during May, is $643,123. During June the price went through a considerable rise reaching $771,000. During the following two months (July, August) the average price had a considerable reduction of 78 % 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 $628,072.5 to $265,810.5, which means a 42 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $249,098 they are 29 % more affordable than the average price for Joshua Tree. The properties with the highest average price have 4 bedrooms, Their price is 37 % more costly than the average. After that we have properties with 2 bedrooms priced at $286,121.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $159 / sq.feet, with an average $198 / sq.feet price in Joshua Tree. The properties with the highest average prices have 2 bedrooms. They are 13 % more expensive than the average followed by properties with 1 bedroom with a price at $179 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $249,098 it is 45 % cheaper than the average price in Joshua Tree. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Apartment". At a price of $137,035 it is 24 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $136 / sq.feet followed by "Apartment" priced at $143 / sq.feet. "House" is the most costly type of property with a $243 / sq.feet cost followed by "Apartment" with an average price of $143 / sq.feet.