The prices in real estate in Sacramento, 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 Sacramento has increased strongly during the last 6 months. In May, the average price per sq.feet was $197. In the following month the price per sq.feet increased considerably to $277. In the following two months the price per sq.feet has increased 107 %, going from $237 to $253 per sq.feet. 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 $245 to $256.5 during September y October
Based upon to the price in Sacramento (cities), this has gone downing the last 6 months. The average price during our first sample month during May, is $499,926. During June the price went through a considerable rise reaching $725,809. During the following two months (July, August) the average price had a considerable reduction of 75 % 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 $536,172.25 to $363,084.5, which means a 68 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $380,838 they are 24 % more affordable than the average price for Sacramento. The properties with the highest average price have 4 bedrooms, Their price is 23 % more costly than the average. After that we have properties with 3 bedrooms priced at $384,985.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $245 / sq.feet, with an average $263 / sq.feet price in Sacramento. The properties with the highest average prices have 1 bedroom. They are 25 % more expensive than the average followed by properties with 2 bedrooms with a price at $287 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $380,838 it is 27 % cheaper than the average price in Sacramento. "House" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "Office". At a price of $432,550 it is 15 % 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 $201 / sq.feet followed by "Townhouse" priced at $211 / sq.feet. "House" is the most costly type of property with a $269 / sq.feet cost followed by "Condo" with an average price of $248 / sq.feet.