The prices in real estate in Los Gatos, 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 Gatos has increased strongly during the last 6 months. In April, the average price per sq.feet was $876. In the following month the price per sq.feet increased considerably to $5,663. The price for the following two months in (June, July) had a considerable decrease of 63 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 32 % 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 $2,671 to $859.5 during August, and September.
Based upon to the price in Los Gatos (cities), this has gone up in the last 6 months. The average price during our first sample month during April, is $2,346,535. During May the price went through a considerable rise reaching $2,913,645. In the following two months the average price has remained the same with regard to the previous two months from $2,630,090 to $2,723,506. During the last two months the average price has had a strong fall compared to the previous four going from $2,676,798 to $2,253,023, which means a 84 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $2,368,043 they are 44 % more affordable than the average price for Los Gatos. 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 1 bedroom priced at $2,428,864.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $782 / sq.feet, with an average $848 / sq.feet price in Los Gatos. The properties with the highest average prices have 4 bedrooms. They are 5 % more expensive than the average followed by properties with 1 bedroom with a price at $838 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $2,368,043 it is 51 % cheaper than the average price in Los Gatos. "Duplex" is seen as the second most affordable property type. The dearest property type is "House" followed by "Duplex". At a price of $1,897,322 it is 10 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $749 / sq.feet followed by "House" priced at $874 / sq.feet. "Duplex" is the most costly type of property with a $6,130 / sq.feet cost followed by "House" with an average price of $874 / sq.feet.