The prices in real estate in Sacramento, 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 Sacramento has fallen in the last 6 months. In March, the average price per sq.feet was $362. In April this price pretty much remained the same at a value of $374 per sq.feet. The price for the following two months in (May, June) decreased 92 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 82 % 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 $353.75 to $291.5 during July, and August.
Based upon to the price in Sacramento (cities), these have remained the same in the last 6 months. The average price during our first sample month during March, is $558,356. During April the price went through a considerable rise reaching $642,333. In the following two months the average price has remained the same with regard to the previous two months from $600,344.5 to $614,661.5. During the last two months the average price has had a strong fall compared to the previous four going from $607,503 to $500,874, which means a 82 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $457,306 they are 29 % more affordable than the average price for Sacramento. The properties with the highest average price have 4 bedrooms, Their price is 36 % more costly than the average. After that we have properties with 3 bedrooms priced at $455,443.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $318 / sq.feet, with an average $279 / sq.feet price in Sacramento. The properties with the highest average prices have 1 bedroom. They are 59 % more expensive than the average followed by properties with 2 bedrooms with a price at $365 / sq.feet.
The graph displaying the average prices displays the property type "Detached House" as the most affordable one. At an cost of $457,306 it is 28 % cheaper than the average price in Sacramento. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Duplex". At a price of $421,431 it is 7 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $155 / sq.feet followed by "Duplex" priced at $175 / sq.feet. "Condo" is the most costly type of property with a $319 / sq.feet cost followed by "House" with an average price of $283 / sq.feet.