The prices in real estate in San Francisco, 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 San Francisco has fallen in the last 6 months. In June, the average price per sq.feet was $1,122. In July this price pretty much remained the same at a value of $1,164 per sq.feet. The price for the following two months in (August, September) decreased 93 % with regard to the prior two months. The price per sq.feet has decreased 91 % 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 $1,100.5 to $1,001 during October, and November.
Based upon to the price in San Francisco (cities), this has fallen considerably in the last 6 months. In our first sample month during June, the average price is $2,045,456. In July This price remains at $1,956,449. During the following two months (August, September) the average price had a considerable reduction of 78 % 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 $1,775,974.75 to $1,495,786.5, which means a 84 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,430,441 they are 40 % more affordable than the average price for San Francisco. The properties with the highest average price have 4 bedrooms, Their price is 90 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,628,996.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $964 / sq.feet, with an average $1,013 / sq.feet price in San Francisco. The properties with the highest average prices have 1 bedroom. They are 10 % more expensive than the average followed by properties with 2 bedrooms with a price at $1,103 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,430,441 it is 14 % cheaper than the average price in San Francisco. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Villa". At a price of $1,837,326 it is 47 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $998 / sq.feet followed by "Condo" priced at $1,080 / sq.feet. "Villa" is the most costly type of property with a $5,338 / sq.feet cost followed by "Duplex" with an average price of $5,308 / sq.feet.