The prices in real estate in Long Beach, in the California region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Long Beach has remained the same in the last 6 months. In August, the average price per sq.feet was $508. In September this price pretty much remained the same at a value of $517 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $512.5 to $515.5 per sq.feet. The price per sq.feet has decreased 92 % 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 $514 to $474 during December, and January.
Based upon to the price in Long Beach (cities), this has fallen considerably in the last 6 months. The average price for August is $1,025,276. During September the price had a considerable reduction till $719,392. During the following two months (October, November) the average price fell 94 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $845,565.5 to $699,282.5, which means a 83 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $726,297 they are 45 % more affordable than the average price for Long Beach. The properties with the highest average price have 4 bedrooms, Their price is 51 % more costly than the average. After that we have properties with 3 bedrooms priced at $803,060.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $476 / sq.feet, with an average $471 / sq.feet price in Long Beach. The properties with the highest average prices have 2 bedrooms. They are 15 % more expensive than the average followed by properties with 1 bedroom with a price at $539 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $726,297 it is 36 % cheaper than the average price in Long Beach. "Commercial" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $694,490 it is 23 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Villa" at an average cost of $395 / sq.feet followed by "Townhouse" priced at $400 / sq.feet. "Commercial" is the most costly type of property with a $1,371 / sq.feet cost followed by "House" with an average price of $511 / sq.feet.