The prices in real estate in Sonoma, 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 Sonoma has increased strongly during the last 6 months. In February, the average price per sq.feet was $745. In the following month the price per sq.feet decreased considerably to $591. The price for the following two months in (April, May) had a considerable increment of 152 %. The price per sq.feet has increased 109 % 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 $842 to $914.5 during June, and July.
Based upon to the price in Sonoma (cities), this has gone up considerably in the last 6 months. The average price for February is $1,442,193. During March the price had a slight fall till $1,278,010. During the following two months (April, May) the average price had a considerable increase of 134 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 112 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,810,787 they are 6 % more affordable than the average price for Sonoma. The properties with the highest average price have 2 bedrooms, Their price is 143 % more costly than the average. After that we have properties with 4 bedrooms priced at $3,860,014.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the most costly ones at a cost of $1,003 / sq.feet, with an average $925 / sq.feet price in Sonoma. The properties with the highest average prices have 1 bedroom. They are 592 % more expensive than the average followed by properties with 2 bedrooms with a price at $2,548 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $1,810,787 it is 40 % cheaper than the average price in Sonoma. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $1,283,202 it is 5 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $610 / sq.feet followed by "Office" priced at $688 / sq.feet. "House" is the cheapest type of property with a $721 / sq.feet value followed by "Townhouse" with an average price of $696 / sq.feet.