The prices in real estate in North Hills, in the California region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in North Hills has fallen in the last 6 months. In September, the average price per sq.feet was $650. In the following month the price per sq.feet decreased to $589. The price for the following two months in (November, December) decreased 91 % 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 $591.5 to $527 during January, and February.
Based upon to the price in North Hills (cities), this has fallen considerably in the last 6 months. The average price for September is $1,432,724. During October the price had a slight fall till $1,237,792. During the following two months (November, December) the average price fell 88 % 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 $1,254,221.75 to $1,000,265, which means a 80 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,013,435 they are 71 % more affordable than the average price for North Hills. The properties with the lowest average price have 4 bedrooms, Their price is 22 % cheaper than the average. After that we have properties with 2 bedrooms priced at $720,535.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $392 / sq.feet, with an average $543 / sq.feet price in North Hills. The properties with the lowest average prices have 2 bedrooms. They are 9 % cheaper than the average followed by properties with 1 bedroom with a price at $487 / sq.feet.
The graph displaying the average prices displays the property type "Detached House" as the most affordable one. At an cost of $1,013,435 it is 56 % cheaper than the average price in North Hills. "Duplex" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Apartment". At a price of $665,244 it is 23 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $210 / sq.feet followed by "Detached House" priced at $382 / sq.feet. "House" is the cheapest type of property with a $447 / sq.feet value followed by "Apartment" with an average price of $430 / sq.feet.