The prices in real estate in Penngrove, 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 Penngrove has increased strongly during the last 6 months. In October, the average price per sq.feet was $774. In the following month the price per sq.feet decreased to $727. The price for the following two months in (December, January) had a considerable increment of 826 %. The price per sq.feet has had a considerable increase of 3980 % 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 $3,474.25 to $138,290 during February, and March.
Based upon to the price in Penngrove (cities), this has fallen considerably in the last 6 months. The average price for October is $2,958,750. During November the price had a slight fall till $2,754,444. During the following two months (December, January) the average price had a considerable reduction of 65 % 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 $2,351,963.25 to $1,811,467.5, which means a 77 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,205,935 they are 25 % more affordable than the average price for Penngrove. The properties with the highest average price have 2 bedrooms, Their price is 5 % more costly than the average. After that we have properties with 1 bedroom priced at $899,000.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $1,362 / sq.feet, with an average $81,181 / sq.feet price in Penngrove. The properties with the lowest average prices have 2 bedrooms. They are 98 % cheaper than the average followed by properties with 1 bedroom with a price at $1,362 / sq.feet.
With regard to the average price based upon the property in Penngrove we can see that most expensive property type is "House" at a price of $1,263,981, they are 5 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 5 % more expensive than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $1,520 / sq.feet. "House" with an average cost of $1,520 / sq.feet has the lowest price and would be directed at less affluent cities.