The prices in real estate in Los Olivos, in the California region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Los Olivos has fallen in the last 6 months. In July, the average price per sq.feet was $1,450. In the following month the price per sq.feet increased to $1,573. The price for the following two months in (September, October) had a considerable decrease of 84 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 77 % 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 $1,391.5 to $1,075.5 during November, and December.
Based upon to the price in Los Olivos (cities), these have remained the same in the last 6 months. The average price during our first sample month during July, is $2,508,750. During August the price went through a considerable rise reaching $3,087,167. During the following two months (September, October) the average price had a considerable reduction of 77 % 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 $2,474,905.75 and $2,361,608.5 between November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $2,411,273 they are 63 % more affordable than the average price for Los Olivos. The properties with the lowest average price have 1 bedroom, Their price is 59 % cheaper than the average. After that we have properties with 2 bedrooms priced at $887,641.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $433 / sq.feet, with an average $1,088 / sq.feet price in Los Olivos. The properties with the highest average prices have 1 bedroom. They are 28 % more expensive than the average followed by properties with 2 bedrooms with a price at $433 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $2,411,273 it is 63 % 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 $887,641 it is 50 % 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 $433 / sq.feet followed by "Apartment" priced at $986 / sq.feet. "Apartment" is the cheapest type of property with a $986 / sq.feet value followed by "House" with an average price of $433 / sq.feet.