The prices in real estate in Lynwood, in the California region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Lynwood has increased during the last 6 months. In November, the average price per sq.feet was $235. In December this price pretty much remained the same at a value of $226 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $230.5 to $233 per sq.feet. The price per sq.feet has had a considerable increase of 127 % 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 $231.75 to $294.5 during March, and April.
Based upon to the price in Lynwood (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is $346,852. In December This price remains at $357,798. During the following two months (January, February) the average price had a considerable reduction of 82 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 121 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $424,258 they are 54 % more affordable than the average price for Lynwood. The properties with the highest average price have 3 bedrooms, Their price is 4 % more costly than the average. After that we have properties with 4 bedrooms priced at $379,058.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $208 / sq.feet, with an average $321 / sq.feet price in Lynwood. The properties with the highest average prices have 1 bedroom. They are 357 % more expensive than the average followed by properties with 2 bedrooms with a price at $369 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $424,258 it is 34 % cheaper than the average price in Lynwood. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "Commercial Property" followed by "Apartment". At a price of $331,261 it is 17 % 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 $193 / sq.feet followed by "Apartment" priced at $212 / sq.feet. "Commercial Property" is the most costly type of property with a $391 / sq.feet cost followed by "Townhouse" with an average price of $216 / sq.feet.