The prices in real estate in North Hollywood, 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 North Hollywood has remained the same in the last 6 months. In November, the average price per sq.feet was $552. In the following month the price per sq.feet decreased to $519. In the following two months the price per sq.feet has barely changed, going from $535.5 to $519.5 per sq.feet. The price per sq.feet has increased 108 % 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 $527.5 to $571 during March, and April.
Based upon to the price in North Hollywood (cities), this has gone up considerably in the last 6 months. In our first sample month during November, the average price is $876,187. In December This price remains at $894,308. During the following two months (January, February) the price has had an average incrementation from $885,247.5 to $993,959.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 123 % 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 $1,179,517 they are 56 % more affordable than the average price for North Hollywood. The properties with the lowest average price have 4 bedrooms, Their price is 1 % cheaper than the average. After that we have properties with 3 bedrooms priced at $948,041.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $474 / sq.feet, with an average $584 / sq.feet price in North Hollywood. The properties with the highest average prices have 2 bedrooms. They are 14 % more expensive than the average followed by properties with 4 bedrooms with a price at $652 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $1,179,517 it is 51 % cheaper than the average price in North Hollywood. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Duplex". At a price of $1,081,166 it is 2 % 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 $307 / sq.feet followed by "Duplex" priced at $422 / sq.feet. "House" is the most costly type of property with a $610 / sq.feet cost followed by "Condo" with an average price of $519 / sq.feet.