The prices in real estate in Pico Rivera, 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 Pico Rivera has increased strongly during the last 6 months. In July, the average price per sq.feet was $274. In August this price pretty much remained the same at a value of $273 per sq.feet. The price for the following two months in (September, October) had a considerable increment of 139 %. The price per sq.feet has had a considerable increase of 123 % 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 $326.75 to $403.5 during November, and December.
Based upon to the price in Pico Rivera (cities), this has gone up considerably in the last 6 months. The average price for July is $384,600. During August the price had a considerable reduction till $318,748. During the following two months (September, October) the average price had a considerable increase of 142 % 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 130 % 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 $565,560 they are 35 % more affordable than the average price for Pico Rivera. The properties with the lowest average price have 4 bedrooms, Their price is 1 % cheaper than the average. After that we have properties with 3 bedrooms priced at $529,645.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $306 / sq.feet, with an average $398 / sq.feet price in Pico Rivera. The properties with the highest average prices have 1 bedroom. They are 43 % more expensive than the average followed by properties with 2 bedrooms with a price at $464 / sq.feet.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of $565,560 it is 25 % cheaper than the average price in Pico Rivera. "Condo" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of $466,900 it is 11 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $339 / sq.feet followed by "House" priced at $391 / sq.feet. "Townhouse" is the most costly type of property with a $2,291 / sq.feet cost followed by "Farm" with an average price of $417 / sq.feet.