The prices in real estate in Vallejo, 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 Vallejo has had a strong decrease during the last 6 months. In December, the average price per sq.feet was $248. In the following month the price per sq.feet decreased considerably to $173. In the following two months the price per sq.feet has barely changed, going from $210.5 to $200 per sq.feet. The price per sq.feet has decreased 91 % 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 $205.25 to $186 during April, and May.
Based upon to the price in Vallejo (cities), this has gone up in the last 6 months. The average price for December is $390,505. During January the price had a slight fall till $356,425. During the following two months (February, March) the price has had an average incrementation from $373,465 to $423,481. Based on an analysis of the first four prices and the last two months the average price has gone up 107 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $436,781 they are 78 % more affordable than the average price for Vallejo. The properties with the highest average price have 4 bedrooms, Their price is 19 % more costly than the average. After that we have properties with 3 bedrooms priced at $392,913.
With regard to the average price per sq.feet , those properties with 1 bedroom are the most costly ones at a cost of $179 / sq.feet, with an average $170 / sq.feet price in Vallejo. The properties with the highest average prices have 3 bedrooms. They are 73 % more expensive than the average followed by properties with 2 bedrooms with a price at $274 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $436,781 it is 29 % cheaper than the average price in Vallejo. "Office" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "Condo". At a price of $394,227 it is 13 % 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 $222 / sq.feet followed by "Apartment" priced at $228 / sq.feet. "Condo" is the most costly type of property with a $292 / sq.feet cost followed by "Townhouse" with an average price of $269 / sq.feet.