The prices in real estate in Los Olivos, 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 Olivos has increased strongly during the last 6 months. In December, the average price per sq.feet was $830. In January this price pretty much remained the same at a value of $819 per sq.feet. The price for the following two months in (February, March) had a considerable increment of 11670 %. The price per sq.feet has had a considerable deflation of 2 % 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 $48,521.25 to $942.5 during April, and May.
Based upon to the price in Los Olivos (cities), these have remained the same in the last 6 months. In our first sample month during December, the average price is $3,828,647. In January This price remains at $3,647,118. During the following two months (February, March) the price has had an average incrementation from $3,737,882.5 to $4,033,031.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 91 %, going from $3,885,457 to $3,542,062.5 in April and May.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 70 % cheaper than the average price of $904,685 in Los Olivos. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 70 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 49 % cheaper than the average price of ($452 / sq.feet) in Los Olivos. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 49 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $2,991,875 it is 70 % cheaper than the average price in Los Olivos. "Apartment" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "House". At a price of $904,685 it is 23 % 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 $452 / sq.feet followed by "Apartment" priced at $1,010 / sq.feet. "Apartment" is the most costly type of property with a $1,010 / sq.feet cost followed by "House" with an average price of $452 / sq.feet.