The prices in real estate in Rancho Palos Verdes, 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 Rancho Palos Verdes has remained the same in the last 6 months. In May, the average price per sq.feet was $649. In June this price pretty much remained the same at a value of $663 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $656 to $636.5 per sq.feet. The price per sq.feet has decreased 94 % 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 $646.25 to $609.5 during September, and October.
Based upon to the price in Rancho Palos Verdes (cities), this has gone downing the last 6 months. In our first sample month during May, the average price is $1,854,380. In June This price remains at $1,908,470. During the following two months (July, August) the average price fell 90 % 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 $1,788,717.5 to $1,519,026, which means a 85 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $1,507,696 they are 53 % more affordable than the average price for Rancho Palos Verdes. The properties with the highest average price have 1 bedroom, Their price is 80 % more costly than the average. After that we have properties with 4 bedrooms priced at $1,709,626.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $513 / sq.feet, with an average $629 / sq.feet price in Rancho Palos Verdes. The properties with the highest average prices have 1 bedroom. They are 750 % more expensive than the average followed by properties with 3 bedrooms with a price at $646 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,507,696 it is 35 % cheaper than the average price in Rancho Palos Verdes. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "House". At a price of $1,594,242 it is 135 % 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 $484 / sq.feet followed by "House" priced at $575 / sq.feet. "Apartment" is the most costly type of property with a $4,013 / sq.feet cost followed by "Condo" with an average price of $2,492 / sq.feet.