The prices in real estate in Temecula, 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 Temecula has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $394. In the following month the price per sq.feet decreased considerably to $231. The price for the following two months in (June, July) had a considerable decrease of 76 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 $275.75 to $232.5 during August, and September.
Based upon to the price in Temecula (cities), this has gone downing the last 6 months. The average price for April is $671,800. During May the price had a slight fall till $600,520. In the following two months the average price has remained the same with regard to the previous two months from $636,160 to $620,190. 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 $628,175 and $601,530.5 between August and September.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $595,927 they are 63 % more affordable than the average price for Temecula. 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 $481,402.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $231 / sq.feet, with an average $238 / sq.feet price in Temecula. The properties with the highest average prices have 2 bedrooms. They are 23 % more expensive than the average followed by properties with 3 bedrooms with a price at $272 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most costly one. At an cost of $595,927 it is 39 % more expensive than the average price in Temecula. "House" is seen as the second dearest property type. The dearest property type is "Townhouse" followed by "House". At a price of $935,513 it is 60 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Townhouse" at an average cost of $251 / sq.feet followed by "Office" priced at $255 / sq.feet. "House" is the most costly type of property with a $266 / sq.feet cost followed by "Office" with an average price of $255 / sq.feet.