The prices in real estate in North Hollywood, in the California region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in North Hollywood has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $474. In December this price pretty much remained the same at a value of $466 per sq.feet. The price for the following two months in (January, February) had a considerable decrease of 74 with regard to the prior two months. 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 $409 to $390.5 during March y April
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 November, the average price is $730,241. In December This price remains at $698,180. In the following two months the average price has remained the same with regard to the previous two months from $714,210.5 to $736,933. Based on an analysis of the first four prices and the last two months the average price has gone up 106 % 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 $814,097 they are 46 % more affordable than the average price for North Hollywood. The properties with the highest average price have 4 bedrooms, Their price is 18 % more costly than the average. After that we have properties with 3 bedrooms priced at $733,349.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $451 / sq.feet, with an average $342 / sq.feet price in North Hollywood. The properties with the highest average prices have 1 bedroom. They are 91 % more expensive than the average followed by properties with 2 bedrooms with a price at $504 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $814,097 it is 22 % cheaper than the average price in North Hollywood. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "House". At a price of $644,379 it is 16 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $340 / sq.feet followed by "Townhouse" priced at $344 / sq.feet. "Apartment" is the most costly type of property with a $494 / sq.feet cost followed by "House" with an average price of $349 / sq.feet.