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 March, the average price per sq.feet was $574. In April this price pretty much remained the same at a value of $571 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $572.5 to $544.5 per sq.feet. 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 $558.5 to $525 during July, and August.
Based upon to the price in La Palma (cities), these have remained the same in the last 6 months. In our first sample month during March, the average price is $1,053,925. In April This price remains at $1,064,474. In the following two months the average price has remained the same with regard to the previous two months from $1,059,199.5 to $1,076,775.5. 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 $1,067,987.5 and $1,017,400 between July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $954,000 they are 45 % more affordable than the average price for La Palma. The properties with the highest average price have 4 bedrooms, Their price is 18 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,082,016.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $538 / sq.feet, with an average $521 / sq.feet price in La Palma. The properties with the highest average prices have 2 bedrooms. They are 26 % more expensive than the average followed by properties with 1 bedroom with a price at $581 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $954,000 it is 33 % cheaper than the average price in La Palma. "House" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "House". At a price of $997,833 it is 37 % 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 $318 / sq.feet followed by "Apartment" priced at $553 / sq.feet. "House" is the most costly type of property with a $581 / sq.feet cost followed by "Apartment" with an average price of $553 / sq.feet.