The prices in real estate in South San Francisco, 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 South San Francisco has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $4,872. In the following month the price per sq.feet decreased considerably to $638. The price for the following two months in (May, June) had a considerable decrease of 23 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 45 % 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 $1,692.25 to $757.5 during July, and August.
Based upon to the price in South San Francisco (cities), this has fallen considerably in the last 6 months. The average price for March is $1,172,051. During April the price had a considerable reduction till $882,569. During the following two months (May, June) the average price fell 86 % 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 $954,038.25 and $975,792.5 between July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $972,703 they are 59 % more affordable than the average price for South San Francisco. The properties with the highest average price have 4 bedrooms, Their price is 44 % more costly than the average. After that we have properties with 3 bedrooms priced at $979,471.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $600 / sq.feet, with an average $753 / sq.feet price in South San Francisco. The properties with the highest average prices have 2 bedrooms. They are 6 % more expensive than the average followed by properties with 3 bedrooms with a price at $768 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $972,703 it is 9 % cheaper than the average price in South San Francisco. "Duplex" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $974,098 it is 16 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $692 / sq.feet followed by "Condo" priced at $699 / sq.feet. "House" is the most costly type of property with a $3,421 / sq.feet cost followed by "Townhouse" with an average price of $710 / sq.feet.