The prices in real estate in South Gate, in the California region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in South Gate has increased during the last 6 months. In October, the average price per sq.feet was $347. In November this price pretty much remained the same at a value of $360 per sq.feet. In the following two months the price per sq.feet has increased 109 %, going from $353.5 to $385 per sq.feet. The price per sq.feet has increased 108 % 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 $369.25 to $400 during February, and March.
Based upon to the price in South Gate (cities), this has gone up in the last 6 months. The price in October is $488,121, rising in November till $545,166. In the following two months the average price has remained the same with regard to the previous two months from $516,643.5 to $528,477.5. Based on an analysis of the first four prices and the last two months the average price has gone up 106 % 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 $560,146 they are 19 % more affordable than the average price for South Gate. The properties with the lowest average price have 4 bedrooms, Their price is 0 % cheaper than the average. After that we have properties with 3 bedrooms priced at $532,497.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $310 / sq.feet, with an average $399 / sq.feet price in South Gate. The properties with the highest average prices have 1 bedroom. They are 16 % more expensive than the average followed by properties with 2 bedrooms with a price at $403 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $560,146 it is 24 % 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 $449,348 it is 13 % 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 $290 / sq.feet followed by "Commercial Property" priced at $307 / sq.feet. "Commercial" is the most costly type of property with a $1,166 / sq.feet cost followed by "House" with an average price of $340 / sq.feet.