The prices in real estate in Newbury Park, 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 Newbury Park has increased strongly during the last 6 months. In April, the average price per sq.feet was $300. In the following month the price per sq.feet increased considerably to $1,212. The price for the following two months in (June, July) had a considerable increment of 126 %. The price per sq.feet has had a considerable deflation of 41 % 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 $854.75 to $349.5 during August, and September.
Based upon to the price in Newbury Park (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during April, is $720,870. During May the price went through a considerable rise reaching $921,332. During the following two months (June, July) the average price had a considerable increase of 121 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from $906,028.75 to $838,766.5 in August and September.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $818,788 they are 45 % more affordable than the average price for Newbury Park. The properties with the highest average price have 4 bedrooms, Their price is 16 % more costly than the average. After that we have properties with 3 bedrooms priced at $762,209.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $318 / sq.feet, with an average $347 / sq.feet price in Newbury Park. The properties with the highest average prices have 4 bedrooms. They are 1 % more expensive than the average followed by properties with 3 bedrooms with a price at $348 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $818,788 it is 26 % cheaper than the average price in Newbury Park. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Mobile Home". At a price of $894,426 it is 10 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Mobile Home" at an average cost of $295 / sq.feet followed by "Condo" priced at $345 / sq.feet. "Townhouse" is the most costly type of property with a $1,079 / sq.feet cost followed by "House" with an average price of $361 / sq.feet.