The prices in real estate in Menlo Park, 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 Menlo Park has fallen in the last 6 months. In November, the average price per sq.feet was $1,223. In December this price pretty much remained the same at a value of $1,189 per sq.feet. The price for the following two months in (January, February) decreased 90 % with regard to the prior two months. The price per sq.feet has increased 105 % 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 $1,146.5 to $1,204 during March, and April.
Based upon to the price in Menlo Park (cities), these have remained the same in the last 6 months. The average price for November is $2,485,385. During December the price had a slight fall till $2,352,325. During the following two months (January, February) the price has had an average incrementation from $2,418,855 to $2,621,571. Based on an analysis of the first four prices and the last two months the average price has gone up 105 % 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 $2,520,647 they are 69 % more affordable than the average price for Menlo Park. The properties with the highest average price have 4 bedrooms, Their price is 39 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,988,010.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $1,025 / sq.feet, with an average $1,254 / sq.feet price in Menlo Park. The properties with the lowest average prices have 4 bedrooms. They are 1 % cheaper than the average followed by properties with 3 bedrooms with a price at $1,159 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $2,520,647 it is 49 % 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 "Detached House". At a price of $2,491,193 it is 22 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $922 / sq.feet followed by "Condo" priced at $1,096 / sq.feet. "Detached House" is the most costly type of property with a $2,361 / sq.feet cost followed by "House" with an average price of $1,102 / sq.feet.