The prices in real estate in Lemon Grove, 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 Lemon Grove has increased strongly during the last 6 months. In April, the average price per sq.feet was $463. In the following month the price per sq.feet increased considerably to $548. In the following two months the price per sq.feet has increased 109 %, going from $505.5 to $550 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $527.75 to $514 during August y September
Based upon to the price in Lemon Grove (cities), these have remained the same in the last 6 months. The average price for April is $719,990. During May the price had a slight fall till $646,017. In the following two months the average price has remained the same with regard to the previous two months from $683,003.5 to $705,535. Based on an analysis of the first four prices and the last two months the average price has gone up 106 % 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 $758,180 they are 37 % more affordable than the average price for Lemon Grove. The properties with the lowest average price have 4 bedrooms, Their price is 2 % cheaper than the average. After that we have properties with 3 bedrooms priced at $673,575.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $402 / sq.feet, with an average $513 / sq.feet price in Lemon Grove. The properties with the highest average prices have 1 bedroom. They are 11 % more expensive than the average followed by properties with 2 bedrooms with a price at $510 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $758,180 it is 47 % cheaper than the average price in Lemon Grove. "Apartment" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Apartment". At a price of $630,843 it is 9 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $371 / sq.feet followed by "Apartment" priced at $442 / sq.feet. "House" is the cheapest type of property with a $465 / sq.feet value followed by "Apartment" with an average price of $442 / sq.feet.