The prices in real estate in Los Angeles, in the California region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Los Angeles has increased during the last 6 months. In August, the average price per sq.feet was $575. In the following month the price per sq.feet increased considerably to $718. In the following two months the price per sq.feet has barely changed, going from $646.5 to $645 per sq.feet. The price per sq.feet has decreased 88 % 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 $645.75 to $566.5 during December, and January.
Based upon to the price in Los Angeles (cities), these have remained the same in the last 6 months. The average price for August is $1,115,669. During September the price had a slight fall till $1,058,986. During the following two months (October, November) the price has had an average incrementation from $1,087,327.5 to $1,183,848.5. 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 $1,135,588 and $1,155,615 between December and January.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,148,439 they are 52 % more affordable than the average price for Los Angeles. The properties with the highest average price have 4 bedrooms, Their price is 13 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,161,349.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $487 / sq.feet, with an average $498 / sq.feet price in Los Angeles. The properties with the highest average prices have 1 bedroom. They are 27 % more expensive than the average followed by properties with 3 bedrooms with a price at $527 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $1,148,439 it is 80 % cheaper than the average price in Los Angeles. "Villa" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "House". At a price of $1,015,621 it is 13 % 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 $257 / sq.feet followed by "Townhouse" priced at $492 / sq.feet. "Apartment" is the most costly type of property with a $42,391 / sq.feet cost followed by "Condo" with an average price of $826 / sq.feet.