The prices in real estate in Long Beach, in the Washington 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 Long Beach has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $303. In the following month the price per sq.feet increased considerably to $350. The price for the following two months in (September, October) had a considerable decrease of 37 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 85 % 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 $223 to $188.5 during November, and December.
Based upon to the price in Long Beach (cities), this has fallen considerably in the last 6 months. The price in July is $885,000, rising in August till $961,250. During the following two months (September, October) the average price had a considerable reduction of 22 % 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 $561,554.5 to $336,551.5, which means a 60 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $274,988 they are 63 % more affordable than the average price for Long Beach. The properties with the highest average price have 4 bedrooms, Their price is 202 % more costly than the average. After that we have properties with 3 bedrooms priced at $658,341.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $127 / sq.feet, with an average $160 / sq.feet price in Long Beach. The properties with the highest average prices have 3 bedrooms. They are 90 % more expensive than the average followed by properties with 4 bedrooms with a price at $280 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $274,988 it is 4 % cheaper than the average price in Long Beach. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $264,066 it is 224 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Land" at an average cost of $170 / sq.feet followed by "House" priced at $314 / sq.feet. "House" is the most costly type of property with a $314 / sq.feet cost followed by "Land" with an average price of $170 / sq.feet.