The prices in real estate in South El Monte, 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 South El Monte has increased strongly during the last 6 months. In June, the average price per sq.feet was $305. In the following month the price per sq.feet increased considerably to $392. In the following two months the price per sq.feet has barely changed, going from $348.5 to $356 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $352.25 to $363.5 during October y November
Based upon to the price in South El Monte (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during June, is $493,963. During July the price went through a considerable rise reaching $593,861. In the following two months the average price has remained the same with regard to the previous two months from $543,912 to $547,710. Based on an analysis of the first four prices and the last two months the average price has gone up 107 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $603,944 they are 35 % more affordable than the average price for South El Monte. The properties with the lowest average price have 1 bedroom, Their price is 34 % cheaper than the average. After that we have properties with 2 bedrooms priced at $395,219.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $301 / sq.feet, with an average $366 / sq.feet price in South El Monte. The properties with the lowest average prices have 1 bedroom. They are 17 % cheaper than the average followed by properties with 2 bedrooms with a price at $301 / sq.feet.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of $603,944 it is 35 % cheaper than the average price in South El Monte. "Duplex" is seen as the second most affordable property type. The cheapest type property is "Condo" followed by "Apartment". At a price of $395,219 it is 21 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $226 / sq.feet followed by "Farm" priced at $290 / sq.feet. "Apartment" is the cheapest type of property with a $301 / sq.feet value followed by "Duplex" with an average price of $293 / sq.feet.