The prices in real estate in Sonora, 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 Sonora has had a strong decrease during the last 6 months. In September, the average price per sq.feet was $6,327. In the following month the price per sq.feet decreased considerably to $3,472. The price for the following two months in (November, December) had a considerable decrease of 6 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 10 % 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 $2,585 to $263.5 during January, and February.
Based upon to the price in Sonora (cities), this has gone up considerably in the last 6 months. In our first sample month during September, the average price is $461,069. In October This price remains at $464,888. During the following two months (November, December) the average price had a considerable increase of 123 % 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 risen strongly 116 % 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 $671,283 they are 61 % more affordable than the average price for Sonora. The properties with the lowest average price have 4 bedrooms, Their price is 14 % cheaper than the average. After that we have properties with 3 bedrooms priced at $538,663.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $242 / sq.feet, with an average $266 / sq.feet price in Sonora. The properties with the highest average prices have 1 bedroom. They are 13 % more expensive than the average followed by properties with 2 bedrooms with a price at $289 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $671,283 it is 78 % cheaper than the average price in Sonora. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Detached House". At a price of $522,899 it is 21 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $48 / sq.feet followed by "House" priced at $260 / sq.feet. "Townhouse" is the most costly type of property with a $311 / sq.feet cost followed by "Detached House" with an average price of $265 / sq.feet.