The prices in real estate in Paramount, 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 Paramount has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $1,913. In the following month the price per sq.feet decreased considerably to $385. The price for the following two months in (June, July) had a considerable decrease of 33 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 41 % 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 $762.25 to $316 during August, and September.
Based upon to the price in Paramount (cities), this has fallen considerably in the last 6 months. The average price for April is $2,529,828. During May the price had a considerable reduction till $824,578. During the following two months (June, July) the average price had a considerable reduction of 33 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $1,115,769.25 to $374,748, which means a 34 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $441,318 they are 44 % more affordable than the average price for Paramount. The properties with the lowest average price have 3 bedrooms, Their price is 3 % cheaper than the average. After that we have properties with 4 bedrooms priced at $392,897.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $241 / sq.feet, with an average $347 / sq.feet price in Paramount. The properties with the highest average prices have 1 bedroom. They are 11 % more expensive than the average followed by properties with 3 bedrooms with a price at $292 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $441,318 it is 40 % cheaper than the average price in Paramount. "Duplex" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $332,589 it is 6 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $204 / sq.feet followed by "Duplex" priced at $257 / sq.feet. "Condo" is the most costly type of property with a $494 / sq.feet cost followed by "Townhouse" with an average price of $303 / sq.feet.