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 April, the average price per sq.feet was $565. In the following month the price per sq.feet increased considerably to $1,238. The price for the following two months in (June, July) had a considerable decrease of 72 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 84 % 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 $776.75 to $651 during August, and September.
Based upon to the price in South San Francisco (cities), these have remained the same in the last 6 months. The average price for April is $1,010,773. During May the price had a slight fall till $952,882. In the following two months the average price has remained the same with regard to the previous two months from $981,827.5 to $974,067.5. 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 $977,947.5 and $980,604 between August and September.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $996,102 they are 28 % more affordable than the average price for South San Francisco. The properties with the highest average price have 4 bedrooms, Their price is 27 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,053,909.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $528 / sq.feet, with an average $664 / sq.feet price in South San Francisco. The properties with the lowest average prices have 3 bedrooms. They are 2 % cheaper than the average followed by properties with 2 bedrooms with a price at $621 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $996,102 it is 35 % 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 "Duplex". At a price of $918,947 it is 12 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $615 / sq.feet followed by "House" priced at $676 / sq.feet. "Townhouse" is the most costly type of property with a $697 / sq.feet cost followed by "Duplex" with an average price of $679 / sq.feet.