The prices in real estate in Los Angeles, in the California region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Los Angeles has increased strongly during the last 6 months. In March, the average price per sq.feet was $597. In the following month the price per sq.feet increased considerably to $844. The price for the following two months in (May, June) had a considerable increment of 245 %. The price per sq.feet has had a considerable deflation of 73 % 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 $1,242.5 to $913 during July, and August.
Based upon to the price in Los Angeles (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during March, is $1,201,282. During April the price went through a considerable rise reaching $2,109,002. During the following two months (May, June) the average price had a considerable increase of 161 % with regard to the previous two months. 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 $2,160,951.75 and $2,060,161 between July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $2,167,250 they are 62 % more affordable than the average price for Los Angeles. The properties with the highest average price have 1 bedroom, Their price is 76 % more costly than the average. After that we have properties with 4 bedrooms priced at $1,688,379.
With regard to the average price per sq.feet , those properties with 1 bedroom are the most costly ones at a cost of $1,038 / sq.feet, with an average $885 / sq.feet price in Los Angeles. The properties with the highest average prices have 4 bedrooms. They are 195 % more expensive than the average followed by properties with 3 bedrooms with a price at $2,370 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $2,167,250 it is 56 % cheaper than the average price in Los Angeles. "Condo" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Villa". At a price of $4,805,705 it is 228 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $577 / sq.feet followed by "Condo" priced at $744 / sq.feet. "Villa" is the most costly type of property with a $12,376 / sq.feet cost followed by "Apartment" with an average price of $6,485 / sq.feet.