The prices in real estate in Valencia, 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 Valencia has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $540. In the following month the price per sq.feet decreased considerably to $418. The price for the following two months in (May, June) had a considerable decrease of 67 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 79 % 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 $399.75 to $316.5 during July, and August.
Based upon to the price in Valencia (cities), this has fallen considerably in the last 6 months. The average price for March is $749,627. During April the price had a slight fall till $669,702. During the following two months (May, June) the average price had a considerable reduction of 74 % with regard to the previous two months. 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 $617,875.5 and $643,161.5 between July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $619,366 they are 38 % more affordable than the average price for Valencia. The properties with the highest average price have 4 bedrooms, Their price is 117 % more costly than the average. After that we have properties with 1 bedroom priced at $786,341.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the most costly ones at a cost of $314 / sq.feet, with an average $313 / sq.feet price in Valencia. The properties with the highest average prices have 1 bedroom. They are 885 % more expensive than the average followed by properties with 2 bedrooms with a price at $399 / sq.feet.
The graph displaying the average prices displays the property type "Commercial Property" as the most affordable one. At an cost of $619,366 it is 0 % cheaper than the average price in Valencia. "Duplex" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "Office". At a price of $695,407 it is 117 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial Property" at an average cost of $260 / sq.feet followed by "Duplex" priced at $282 / sq.feet. "Apartment" is the most costly type of property with a $376 / sq.feet cost followed by "Office" with an average price of $290 / sq.feet.