The prices in real estate in Sherman Oaks, 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 Sherman Oaks has fallen in the last 6 months. In June, the average price per sq.feet was $672. In July this price pretty much remained the same at a value of $678 per sq.feet. The price for the following two months in (August, September) decreased 87 % with regard to the prior two months. The price per sq.feet has decreased 90 % 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 $629.5 to $564.5 during October, and November.
Based upon to the price in Sherman Oaks (cities), this has fallen considerably in the last 6 months. The average price for June is $2,141,147. During July the price had a considerable reduction till $1,662,117. During the following two months (August, September) the average price had a considerable reduction of 76 % 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 $1,668,930.25 to $1,320,034.5, which means a 79 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $1,314,352 they are 51 % more affordable than the average price for Sherman Oaks. The properties with the highest average price have 4 bedrooms, Their price is 24 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,130,795.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $483 / sq.feet, with an average $574 / sq.feet price in Sherman Oaks. The properties with the highest average prices have 1 bedroom. They are 39 % more expensive than the average followed by properties with 4 bedrooms with a price at $619 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,314,352 it is 56 % cheaper than the average price in Sherman Oaks. "Land" is seen as the second most affordable property type. The dearest property type is "Duplex" followed by "Townhouse". At a price of $1,731,619 it is 32 % 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 $412 / sq.feet followed by "Land" priced at $507 / sq.feet. "Duplex" is the most costly type of property with a $6,134 / sq.feet cost followed by "Townhouse" with an average price of $1,213 / sq.feet.