The prices in real estate in San Luis Obispo, in the California region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in San Luis Obispo has had a strong decrease during the last 6 months. In May, the average price per sq.feet was $592. In the following month the price per sq.feet decreased to $533. The price for the following two months in (July, August) had a considerable decrease of 80 with regard to the prior two months. The price per sq.feet has decreased 88 % 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 $505.5 to $446.5 during September, and October.
Based upon to the price in San Luis Obispo (cities), this has gone downing the last 6 months. The price in May is $985,109, rising in June till $1,055,198. During the following two months (July, August) the average price fell 88 % 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 $961,339.75 to $777,742, which means a 81 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $786,812 they are 46 % more affordable than the average price for San Luis Obispo. The properties with the highest average price have 4 bedrooms, Their price is 43 % more costly than the average. After that we have properties with 3 bedrooms priced at $811,954.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $407 / sq.feet, with an average $439 / sq.feet price in San Luis Obispo. The properties with the highest average prices have 1 bedroom. They are 16 % more expensive than the average followed by properties with 4 bedrooms with a price at $466 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $786,812 it is 35 % cheaper than the average price in San Luis Obispo. "Detached House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Office". At a price of $770,364 it is 14 % 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 $437 / sq.feet followed by "Office" priced at $492 / sq.feet. "Detached House" is the most costly type of property with a $686 / sq.feet cost followed by "House" with an average price of $505 / sq.feet.