Property prices for sale in Menlo Park (California)
The prices in real estate in Menlo Park, in the California region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Menlo Park has remained the same in the last 6 months. In October, the average price per sq.feet was $1,350. In November this price pretty much remained the same at a value of $1,361 per sq.feet. The price for the following two months in (December, January) decreased 91 % with regard to the prior two months. The price per sq.feet has increased 111 % 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 $1,296 to $1,439 during February, and March.
Based upon to the price in Menlo Park (cities), these have remained the same in the last 6 months. The price in October is $2,894,318, rising in November till $3,143,733. During the following two months (December, January) the average price fell 88 % 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 gone up 113 % 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 $3,346,871 they are 56 % more affordable than the average price for Menlo Park. The properties with the highest average price have 4 bedrooms, Their price is 25 % more costly than the average. After that we have properties with 3 bedrooms priced at $2,774,902.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $1,203 / sq.feet, with an average $1,473 / sq.feet price in Menlo Park. The properties with the highest average prices have 4 bedrooms. They are 6 % more expensive than the average followed by properties with 3 bedrooms with a price at $1,517 / sq.feet.
The graph displaying the average prices displays the property type "Detached House" as the most affordable one. At an cost of $3,346,871 it is 59 % cheaper than the average price in Menlo Park. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $2,376,737 it is 19 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $967 / sq.feet followed by "House" priced at $1,575 / sq.feet. "Townhouse" is the most costly type of property with a $2,220 / sq.feet cost followed by "House" with an average price of $1,575 / sq.feet.
