The prices in real estate in La Palma, 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 La Palma has fallen in the last 6 months. In August, the average price per sq.feet was $553. In September this price pretty much remained the same at a value of $548 per sq.feet. The price for the following two months in (October, November) decreased 94 % with regard to the prior two months. The price per sq.feet has decreased 94 % 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 $534.75 to $501.5 during December, and January.
Based upon to the price in La Palma (cities), this has gone up in the last 6 months. The price in August is $909,929, rising in September till $986,878. During the following two months (October, November) the price has had an average incrementation from $948,403.5 to $1,006,110. Based on an analysis of the first four prices and the last two months the average price has gone up 107 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $1,050,631 they are 38 % more affordable than the average price for La Palma. The properties with the lowest average price have 1 bedroom, Their price is 37 % cheaper than the average. After that we have properties with 3 bedrooms priced at $652,742.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the most costly ones at a cost of $616 / sq.feet, with an average $500 / sq.feet price in La Palma. The properties with the highest average prices have 1 bedroom. They are 25 % more expensive than the average followed by properties with 3 bedrooms with a price at $616 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $1,050,631 it is 38 % cheaper than the average price in La Palma. "Apartment" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Apartment". At a price of $650,734 it is 38 % 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 $178 / sq.feet followed by "Townhouse" priced at $337 / sq.feet. "House" is the most costly type of property with a $616 / sq.feet cost followed by "Townhouse" with an average price of $337 / sq.feet.