The prices in real estate in Newport Coast, 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 Newport Coast has increased strongly during the last 6 months. In March, the average price per sq.feet was $1,233. In the following month the price per sq.feet increased considerably to $7,346. The price for the following two months in (May, June) had a considerable decrease of 20 with regard to the prior two months. 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 $2,570.75 to $1,043 during July, and August.
Based upon to the price in Newport Coast (cities), this has fallen considerably in the last 6 months. The average price for March is $9,626,613. During April the price had a considerable reduction till $4,886,451. During the following two months (May, June) the average price had a considerable reduction of 48 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 107 % 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 $5,940,669 they are 24 % more affordable than the average price for Newport Coast. The properties with the lowest average price have 2 bedrooms, Their price is 8 % cheaper than the average. After that we have properties with 1 bedroom priced at $4,531,826.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of $3,165 / sq.feet, with an average $1,068 / sq.feet price in Newport Coast. The properties with the highest average prices have 1 bedroom. They are 925 % more expensive than the average followed by properties with 2 bedrooms with a price at $3,165 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $5,940,669 it is 8 % cheaper than the average price in Newport Coast. "Villa" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "Villa". At a price of $7,820,491 it is 33 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Villa" at an average cost of $1,067 / sq.feet followed by "Townhouse" priced at $1,081 / sq.feet. "Apartment" is the most costly type of property with a $3,165 / sq.feet cost followed by "Townhouse" with an average price of $1,081 / sq.feet.