The prices in real estate in South Pasadena, 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 Pasadena has increased strongly during the last 6 months. In October, the average price per sq.feet was $438. In the following month the price per sq.feet increased considerably to $532. In the following two months the price per sq.feet has barely changed, going from $485 to $498 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 $491.5 to $508.5 during February y March
Based upon to the price in South Pasadena (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $777,974. During November the price went through a considerable rise reaching $1,086,101. During the following two months (December, January) the average price fell 95 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $906,976.5 and $885,938.5 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,014,834 they are 74 % more affordable than the average price for South Pasadena. The properties with the highest average price have 4 bedrooms, Their price is 85 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,011,925.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $296 / sq.feet, with an average $566 / sq.feet price in South Pasadena. The properties with the highest average prices have 4 bedrooms. They are 35 % more expensive than the average followed by properties with 3 bedrooms with a price at $562 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $1,014,834 it is 37 % cheaper than the average price in South Pasadena. "Condo" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Duplex". At a price of $883,810 it is 3 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $419 / sq.feet followed by "House" priced at $476 / sq.feet. "Duplex" is the most costly type of property with a $2,983 / sq.feet cost followed by "Commercial Property" with an average price of $503 / sq.feet.