The prices in real estate in Spring Valley, 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 Spring Valley has increased strongly during the last 6 months. In July, the average price per sq.feet was $282. In the following month the price per sq.feet increased considerably to $736. The price for the following two months in (September, October) had a considerable decrease of 64 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 81 % 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 $417 to $339.5 during November, and December.
Based upon to the price in Spring Valley (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during July, is $422,395. During August the price went through a considerable rise reaching $1,044,954. During the following two months (September, October) the average price had a considerable reduction of 65 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 86 %, going from $604,045 to $521,713 in November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $523,936 they are 56 % more affordable than the average price for Spring Valley. The properties with the highest average price have 4 bedrooms, Their price is 17 % more costly than the average. After that we have properties with 3 bedrooms priced at $545,667.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $293 / sq.feet, with an average $335 / sq.feet price in Spring Valley. The properties with the highest average prices have 1 bedroom. They are 14 % more expensive than the average followed by properties with 3 bedrooms with a price at $373 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $523,936 it is 48 % cheaper than the average price in Spring Valley. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $328,203 it is 13 % 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 $110 / sq.feet followed by "Duplex" priced at $236 / sq.feet. "Condo" is the cheapest type of property with a $283 / sq.feet value followed by "House" with an average price of $274 / sq.feet.