The prices in real estate in Los Olivos, in the California region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Los Olivos has had a strong decrease during the last 6 months. In January, the average price per sq.feet was $1,371. In February this price pretty much remained the same at a value of $1,397 per sq.feet. The price for the following two months in (March, April) had a considerable decrease of 53 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 72 % 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 $1,056.5 to $757.5 during May, and June.
Based upon to the price in Los Olivos (cities), this has fallen considerably in the last 6 months. The average price for January is $4,778,000. During February the price had a considerable reduction till $3,888,524. During the following two months (March, April) the average price had a considerable reduction of 45 % 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 $3,130,888 and $3,251,355 between May and June.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 83 % cheaper than the average price of $914,702 in Los Olivos. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 83 % 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 ($463 / 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 $5,467,067 it is 83 % cheaper than the average price in Los Olivos. "Apartment" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "House". At a price of $914,702 it is 32 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $463 / sq.feet followed by "Apartment" priced at $1,032 / sq.feet. "Apartment" is the most costly type of property with a $1,032 / sq.feet cost followed by "House" with an average price of $463 / sq.feet.