The prices in real estate in King City, 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 King City has increased strongly during the last 6 months. In May, the average price per sq.feet was . In the following month the price per sq.feet increased considerably to $300. The price for the following two months in (July, August) had a considerable decrease of 79 with regard to the prior two months. The price per sq.feet has had a considerable increase of 178 % 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 $134.5 to $240 during September, and October.
Based upon to the price in King City (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during May, is . During June the price went through a considerable rise reaching $700,035. During the following two months (July, August) the average price had a considerable reduction of 50 % 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 160 % 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 $480,729 they are 43 % more affordable than the average price for King City. The properties with the highest average price have 3 bedrooms, Their price is 11 % more costly than the average. After that we have properties with 4 bedrooms priced at $342,190.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $202 / sq.feet, with an average $255 / sq.feet price in King City. The properties with the highest average prices have 1 bedroom. They are 4 % more expensive than the average followed by properties with 3 bedrooms with a price at $254 / sq.feet.
With regard to the average price based upon the property in King City we can see that the cheapest property type is "House" at a price of $342,190, they are 29 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 29 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $219 / sq.feet. "House" with an average cost of $219 / sq.feet has the lowest price and would be directed at less affluent cities.