The prices in real estate in Los Angeles, in the California region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Los Angeles has fallen in the last 6 months. In April, the average price per sq.feet was $751. In the following month the price per sq.feet decreased to $644. In the following two months the price per sq.feet has increased 105 %, going from $697.5 to $734 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 $715.75 to $690.5 during August y September
Based upon to the price in Los Angeles (cities), this has gone downing the last 6 months. The average price for April is $1,649,692. During May the price had a considerable reduction till $1,350,203. During the following two months (June, July) the price has had an average incrementation from $1,499,947.5 to $1,580,200. 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 $1,540,073.75 and $1,512,213 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 $1,403,380 they are 54 % more affordable than the average price for Los Angeles. The properties with the highest average price have 4 bedrooms, Their price is 24 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,434,775.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $711 / sq.feet, with an average $695 / sq.feet price in Los Angeles. The properties with the highest average prices have 3 bedrooms. They are 17 % more expensive than the average followed by properties with 2 bedrooms with a price at $807 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $1,403,380 it is 71 % cheaper than the average price in Los Angeles. "Duplex" is seen as the second most affordable property type. The dearest property type is "Land" followed by "House". At a price of $1,610,176 it is 301 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $250 / sq.feet followed by "Townhouse" priced at $682 / sq.feet. "Land" is the most costly type of property with a $1,370,801 / sq.feet cost followed by "Duplex" with an average price of $5,437 / sq.feet.