The prices in real estate in Pacific Palisades, 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 Pacific Palisades has remained the same in the last 6 months. In December, the average price per sq.feet was $1,153. In January this price pretty much remained the same at a value of $1,150 per sq.feet. The price for the following two months in (February, March) decreased 91 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 126 % 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 $1,102 to $1,390.5 during April, and May.
Based upon to the price in Pacific Palisades (cities), this has fallen considerably in the last 6 months. The average price for December is $4,657,035. During January the price had a slight fall till $4,039,100. During the following two months (February, March) the average price fell 90 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 91 %, going from $4,126,642.5 to $3,749,554 in April and May.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $3,422,063 they are 58 % more affordable than the average price for Pacific Palisades. The properties with the highest average price have 1 bedroom, Their price is 45 % more costly than the average. After that we have properties with 4 bedrooms priced at $3,716,377.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $978 / sq.feet, with an average $1,762 / sq.feet price in Pacific Palisades. The properties with the highest average prices have 1 bedroom. They are 683 % more expensive than the average followed by properties with 4 bedrooms with a price at $1,111 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $3,422,063 it is 63 % cheaper than the average price in Pacific Palisades. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Commercial Property" followed by "House". At a price of $4,443,261 it is 72 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $638 / sq.feet followed by "Commercial Property" priced at $972 / sq.feet. "House" is the cheapest type of property with a $1,013 / sq.feet value followed by "Condo" with an average price of $974 / sq.feet.