The prices in real estate in South Gate, 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 Gate has increased strongly during the last 6 months. In April, the average price per sq.feet was $93. In the following month the price per sq.feet increased considerably to $152. The price for the following two months in (June, July) had a considerable increment of 515 %. The price per sq.feet has had a considerable increase of 190 % 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 $376.75 to $717 during August, and September.
Based upon to the price in South Gate (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during April, is $295,700. During May the price went through a considerable rise reaching $381,672. During the following two months (June, July) the average price had a considerable increase of 291 % 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 163 % 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 $499,704 they are 8 % more affordable than the average price for South Gate. The properties with the highest average price have 4 bedrooms, Their price is 17 % more costly than the average. After that we have properties with 3 bedrooms priced at $513,031.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $303 / sq.feet, with an average $335 / sq.feet price in South Gate. The properties with the highest average prices have 1 bedroom. They are 39 % more expensive than the average followed by properties with 2 bedrooms with a price at $366 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $499,704 it is 15 % cheaper than the average price in South Gate. "Condo" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Commercial Property". At a price of $452,057 it is 3 % 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 $296 / sq.feet followed by "Commercial Property" priced at $313 / sq.feet. "Commercial" is the most costly type of property with a $1,178 / sq.feet cost followed by "House" with an average price of $339 / sq.feet.