The prices in real estate in Napa, 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 Napa has remained the same in the last 6 months. In March, the average price per sq.feet was $797. In the following month the price per sq.feet increased to $896. In the following two months the price per sq.feet has barely changed, going from $846.5 to $841.5 per sq.feet. The price per sq.feet has decreased 88 % 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 $844 to $740.5 during July, and August.
Based upon to the price in Napa (cities), this has gone up in the last 6 months. The average price during our first sample month during March, is $1,818,599. During April the price went through a considerable rise reaching $2,264,893. During the following two months (May, June) the price has had an average incrementation from $2,041,746 to $2,182,678.5. During the last two months the average price has had a strong fall compared to the previous four going from $2,112,212.25 to $1,670,711.5, which means a 79 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $1,336,641 they are 27 % more affordable than the average price for Napa. The properties with the highest average price have 4 bedrooms, Their price is 28 % more costly than the average. After that we have properties with 1 bedroom priced at $1,577,643.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $660 / sq.feet, with an average $692 / sq.feet price in Napa. The properties with the highest average prices have 1 bedroom. They are 326 % more expensive than the average followed by properties with 2 bedrooms with a price at $825 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $1,336,641 it is 52 % cheaper than the average price in Napa. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "Land". At a price of $1,529,571 it is 38 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $478 / sq.feet followed by "Townhouse" priced at $485 / sq.feet. "Land" is the most costly type of property with a $436,565 / sq.feet cost followed by "Condo" with an average price of $792 / sq.feet.