The prices in real estate in Mission Hills, in the California region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Mission Hills has increased strongly during the last 6 months. In April, the average price per sq.feet was $349. In the following month the price per sq.feet decreased to $310. The price for the following two months in (June, July) had a considerable increment of 834 %. The price per sq.feet has increased 109 % 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 $1,539.25 to $1,682 during August, and September.
Based upon to the price in Mission Hills (cities), this has fallen considerably in the last 6 months. The average price for April is $2,172,073. During May the price had a considerable reduction till $1,268,765. During the following two months (June, July) the average price had a considerable reduction of 79 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $1,538,864.75 to $1,020,525, which means a 66 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $749,426 they are 21 % more affordable than the average price for Mission Hills. The properties with the lowest average price have 1 bedroom, Their price is 18 % cheaper than the average. After that we have properties with 2 bedrooms priced at $590,366.
With regard to the average price per sq.feet , those properties with 1 bedroom are the most costly ones at a cost of $355 / sq.feet, with an average $324 / sq.feet price in Mission Hills. The properties with the highest average prices have 2 bedrooms. They are 12 % more expensive than the average followed by properties with 1 bedroom with a price at $355 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $749,426 it is 21 % cheaper than the average price in Mission Hills. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "Townhouse" followed by "Apartment". At a price of $590,366 it is 2 % more affordable than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Apartment" at an average cost of $364 / sq.feet followed by "Townhouse" priced at $3,758 / sq.feet. "Townhouse" is the most costly type of property with a $3,758 / sq.feet cost followed by "Apartment" with an average price of $364 / sq.feet.