The prices in real estate in Topanga, 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 Topanga has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $816. In the following month the price per sq.feet decreased considerably to $446. The price for the following two months in (June, July) decreased 89 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 116 % 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 $597.25 to $690.5 during August, and September.
Based upon to the price in Topanga (cities), these have remained the same in the last 6 months. The average price for April is $1,837,221. During May the price had a slight fall till $1,632,431. During the following two months (June, July) the average price fell 91 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 137 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $2,601,485 they are 67 % more affordable than the average price for Topanga. The properties with the lowest average price have 1 bedroom, Their price is 14 % cheaper than the average. After that we have properties with 4 bedrooms priced at $2,117,446.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $605 / sq.feet, with an average $725 / sq.feet price in Topanga. The properties with the highest average prices have 1 bedroom. They are 775 % more expensive than the average followed by properties with 4 bedrooms with a price at $722 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $2,601,485 it is 24 % cheaper than the average price in Topanga. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $1,981,836 it is 3 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "House" at an average cost of $3,468 / sq.feet followed by "Land" priced at $3,511 / sq.feet. "Land" is the most costly type of property with a $3,511 / sq.feet cost followed by "House" with an average price of $3,468 / sq.feet.