The prices in real estate in Tahoe City, 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 Tahoe City has had a strong decrease during the last 6 months. In June, the average price per sq.feet was $728. In the following month the price per sq.feet decreased considerably to $505. The price for the following two months in (August, September) had a considerable decrease of 81 with regard to the prior two months. 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 $556.5 to $575 during October y November
Based upon to the price in Tahoe City (cities), this has fallen considerably in the last 6 months. The average price for June is $1,669,643. During July the price had a considerable reduction till $1,080,654. During the following two months (August, September) the average price had a considerable reduction of 78 % 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 95 %, going from $1,222,477.25 to $1,158,030 in October and November.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $1,335,310 they are 24 % more affordable than the average price for Tahoe City. The properties with the highest average price have 1 bedroom, Their price is 125 % more costly than the average. After that we have properties with 2 bedrooms priced at $1,019,502.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of $1,808 / sq.feet, with an average $609 / sq.feet price in Tahoe City. The properties with the highest average prices have 1 bedroom. They are 768 % more expensive than the average followed by properties with 2 bedrooms with a price at $1,808 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $1,335,310 it is 24 % cheaper than the average price in Tahoe City. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "Commercial Property" followed by "Townhouse". At a price of $1,188,900 it is 9 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial Property" at an average cost of $601 / sq.feet followed by "Townhouse" priced at $886 / sq.feet. "House" is the most costly type of property with a $1,808 / sq.feet cost followed by "Townhouse" with an average price of $886 / sq.feet.