The prices in real estate in Rancho Palos Verdes, in the California region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Rancho Palos Verdes has fallen in the last 6 months. In March, the average price per sq.feet was $641. In April this price pretty much remained the same at a value of $651 per sq.feet. The price for the following two months in (May, June) had a considerable decrease of 83 with regard to the prior two months. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $590.75 to $589 during July y August
Based upon to the price in Rancho Palos Verdes (cities), this has fallen considerably in the last 6 months. In our first sample month during March, the average price is $1,779,735. In April This price remains at $1,728,722. During the following two months (May, June) the average price had a considerable reduction of 55 % 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 gone up 107 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $1,438,830 they are 52 % more affordable than the average price for Rancho Palos Verdes. The properties with the highest average price have 1 bedroom, Their price is 25 % more costly than the average. After that we have properties with 4 bedrooms priced at $1,594,242.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $481 / sq.feet, with an average $578 / sq.feet price in Rancho Palos Verdes. The properties with the highest average prices have 1 bedroom. They are 748 % more expensive than the average followed by properties with 4 bedrooms with a price at $575 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $1,438,830 it is 31 % cheaper than the average price in Rancho Palos Verdes. "Condo" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "Condo". At a price of $1,254,210 it is 11 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $464 / sq.feet followed by "Apartment" priced at $575 / sq.feet. "Townhouse" is the most costly type of property with a $2,519 / sq.feet cost followed by "Apartment" with an average price of $575 / sq.feet.