The prices in real estate in Los Altos, 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 Los Altos has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $2,695. In the following month the price per sq.feet decreased considerably to $1,359. The price for the following two months in (September, October) had a considerable decrease of 62 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 77 % 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 $1,646.75 to $1,271 during November, and December.
Based upon to the price in Los Altos (cities), these have remained the same in the last 6 months. In our first sample month during July, the average price is $3,310,319. In August This price remains at $3,305,571. In the following two months the average price has remained the same with regard to the previous two months from $3,307,945 to $3,417,682.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 94 %, going from $3,362,813.75 to $3,173,990.5 in November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $3,144,429 they are 40 % more affordable than the average price for Los Altos. The properties with the highest average price have 4 bedrooms, Their price is 9 % more costly than the average. After that we have properties with 3 bedrooms priced at $2,917,396.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $1,243 / sq.feet, with an average $1,245 / sq.feet price in Los Altos. The properties with the highest average prices have 1 bedroom. They are 42 % more expensive than the average followed by properties with 3 bedrooms with a price at $1,375 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $3,144,429 it is 47 % cheaper than the average price in Los Altos. "Duplex" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "House". At a price of $4,024,338 it is 300 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $1,140 / sq.feet followed by "Condo" priced at $1,198 / sq.feet. "Duplex" is the most costly type of property with a $16,235 / sq.feet cost followed by "Townhouse" with an average price of $10,245 / sq.feet.