The prices in real estate in Oxnard, 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 Oxnard has increased strongly during the last 6 months. In February, the average price per sq.feet was $337. In the following month the price per sq.feet increased to $378. In the following two months the price per sq.feet has increased 111 %, going from $357.5 to $398 per sq.feet. The price per sq.feet has had a considerable increase of 140 % 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 $377.75 to $528.5 during June, and July.
Based upon to the price in Oxnard (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during February, is $684,906. During March the price went through a considerable rise reaching $799,420. During the following two months (April, May) the average price had a considerable increase of 117 % 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 risen strongly 155 % 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 $1,011,630 they are 61 % more affordable than the average price for Oxnard. The properties with the lowest average price have 4 bedrooms, Their price is 17 % cheaper than the average. After that we have properties with 3 bedrooms priced at $554,263.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $293 / sq.feet, with an average $464 / sq.feet price in Oxnard. The properties with the highest average prices have 1 bedroom. They are 28 % more expensive than the average followed by properties with 4 bedrooms with a price at $339 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $1,011,630 it is 56 % cheaper than the average price in Oxnard. "Duplex" is seen as the second most affordable property type. The cheapest type property is "Commercial" followed by "Apartment". At a price of $702,490 it is 27 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $286 / sq.feet followed by "House" priced at $356 / sq.feet. "Duplex" is the most costly type of property with a $1,013 / sq.feet cost followed by "Commercial" with an average price of $396 / sq.feet.