The prices in real estate in Topanga, 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 Topanga has increased strongly during the last 6 months. In February, the average price per sq.feet was $646. In the following month the price per sq.feet increased to $702. The price for the following two months in (April, May) had a considerable increment of 224 %. The price per sq.feet has had a considerable increase of 132 % 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 $1,091 to $1,443 during June, and July.
Based upon to the price in Topanga (cities), this has gone up considerably in the last 6 months. The price in February is $1,503,268, rising in March till $1,662,993. During the following two months (April, May) the average price had a considerable increase of 147 % 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 136 % 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 $2,535,231 they are 58 % more affordable than the average price for Topanga. The properties with the highest average price have 1 bedroom, Their price is 50 % more costly than the average. After that we have properties with 4 bedrooms priced at $2,320,413.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $540 / sq.feet, with an average $1,629 / sq.feet price in Topanga. The properties with the highest average prices have 1 bedroom. They are 488 % more expensive than the average followed by properties with 2 bedrooms with a price at $706 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $2,535,231 it is 23 % cheaper than the average price in Topanga. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Land". At a price of $1,962,103 it is 20 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $679 / sq.feet followed by "Land" priced at $3,471 / sq.feet. "Land" is the most costly type of property with a $3,471 / sq.feet cost followed by "House" with an average price of $679 / sq.feet.