The prices in real estate in Modesto, in the California region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Modesto has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $295. In the following month the price per sq.feet decreased considerably to $188. The price for the following two months in (September, October) had a considerable decrease of 82 with regard to the prior two months. The price per sq.feet has decreased 89 % 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 $219.25 to $195 during November, and December.
Based upon to the price in Modesto (cities), this has gone up in the last 6 months. The price in July is $319,599, rising in August till $349,727. During the following two months (September, October) the price has had an average incrementation from $334,663 to $360,094. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 94 %, going from $347,378.5 to $325,657 in November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $338,581 they are 63 % more affordable than the average price for Modesto. The properties with the highest average price have 4 bedrooms, Their price is 21 % more costly than the average. After that we have properties with 3 bedrooms priced at $315,636.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $191 / sq.feet, with an average $195 / sq.feet price in Modesto. The properties with the highest average prices have 1 bedroom. They are 15 % more expensive than the average followed by properties with 2 bedrooms with a price at $210 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $338,581 it is 4 % cheaper than the average price in Modesto. "Condo" is seen as the second most affordable property type. The cheapest type property is "Condo" followed by "House". At a price of $326,560 it is 2 % 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 $187 / sq.feet followed by "Condo" priced at $206 / sq.feet. "Condo" is the most costly type of property with a $206 / sq.feet cost followed by "House" with an average price of $187 / sq.feet.