The prices in real estate in South San Francisco, 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 San Francisco has increased strongly during the last 6 months. In January, the average price per sq.feet was $487. In the following month the price per sq.feet increased to $529. In the following two months the price per sq.feet has increased 110 %, going from $508 to $557 per sq.feet. The price per sq.feet has had a considerable increase of 178 % 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 $532.5 to $948 during May, and June.
Based upon to the price in South San Francisco (cities), this has gone up in the last 6 months. In our first sample month during January, the average price is $868,715. In February This price remains at $857,944. During the following two months (March, April) the price has had an average incrementation from $863,329.5 to $940,570.5. Based on an analysis of the first four prices and the last two months the average price has gone up 109 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,005,872 they are 58 % more affordable than the average price for South San Francisco. The properties with the highest average price have 4 bedrooms, Their price is 9 % more costly than the average. After that we have properties with 3 bedrooms priced at $920,591.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $477 / sq.feet, with an average $658 / sq.feet price in South San Francisco. The properties with the highest average prices have 3 bedrooms. They are 8 % more expensive than the average followed by properties with 2 bedrooms with a price at $626 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,005,872 it is 31 % cheaper than the average price in South San Francisco. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $964,393 it is 8 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $415 / sq.feet followed by "Condo" priced at $652 / sq.feet. "Townhouse" is the most costly type of property with a $700 / sq.feet cost followed by "Land" with an average price of $689 / sq.feet.