The prices in real estate in Lemon Grove, 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 Lemon Grove has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $1,091. In the following month the price per sq.feet decreased considerably to $364. The price for the following two months in (June, July) had a considerable decrease of 47 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 64 % 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 to $343 during August, and September.
Based upon to the price in Lemon Grove (cities), these have remained the same in the last 6 months. In our first sample month during April, the average price is $489,725. In May This price remains at $477,347. In the following two months the average price has remained the same with regard to the previous two months from $483,536 to $497,460. 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 $490,498 and $500,325 between August and September.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $503,054 they are 30 % more affordable than the average price for Lemon Grove. The properties with the lowest average price have 3 bedrooms, Their price is 12 % cheaper than the average. After that we have properties with 4 bedrooms priced at $361,294.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $326 / sq.feet, with an average $353 / sq.feet price in Lemon Grove. The properties with the highest average prices have 3 bedrooms. They are 502 % more expensive than the average followed by properties with 1 bedroom with a price at $355 / sq.feet.
With regard to the average price based upon the property in Lemon Grove we can see that the cheapest property type is "Apartment" at a price of $361,294, they are 28 % more affordable than the average price of (!PRECIO2!). "Apartment" has the lowest price. This price is 28 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "Apartment with an average price of $326 / sq.feet. "Apartment" with an average cost of $326 / sq.feet has the lowest price and would be directed at less affluent cities.