The prices in real estate in North Hollywood, 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 Hollywood has fallen in the last 6 months. In April, the average price per sq.feet was $632. In the following month the price per sq.feet decreased to $582. In the following two months the price per sq.feet has barely changed, going from $607 to $582 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $594.5 to $570.5 during August y September
Based upon to the price in North Hollywood (cities), these have remained the same in the last 6 months. In our first sample month during April, the average price is $1,210,192. In May This price remains at $1,260,070. During the following two months (June, July) the average price fell 93 % 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 105 % 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 $1,290,971 they are 71 % more affordable than the average price for North Hollywood. The properties with the highest average price have 4 bedrooms, Their price is 1 % more costly than the average. After that we have properties with 3 bedrooms priced at $952,711.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $429 / sq.feet, with an average $565 / sq.feet price in North Hollywood. The properties with the highest average prices have 2 bedrooms. They are 31 % more expensive than the average followed by properties with 4 bedrooms with a price at $600 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $1,290,971 it is 56 % cheaper than the average price in North Hollywood. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Detached House". At a price of $1,073,617 it is 14 % 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 $290 / sq.feet followed by "Townhouse" priced at $304 / sq.feet. "House" is the most costly type of property with a $598 / sq.feet cost followed by "Condo" with an average price of $551 / sq.feet.