Property prices for sale in Van Nuys (California)
The prices in real estate in Van Nuys, 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 Van Nuys has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $595. In the following month the price per sq.feet decreased to $523. The price for the following two months in (May, June) decreased 86 % with regard to the prior two months. The price per sq.feet has decreased 93 % 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 $519 to $484 during July, and August.
Based upon to the price in Van Nuys (cities), this has gone up in the last 6 months. In our first sample month during March, the average price is $973,734. In April This price remains at $991,114. In the following two months the average price has remained the same with regard to the previous two months from $982,424 to $1,011,454. Based on an analysis of the first four prices and the last two months the average price has gone up 112 % 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 $1,009,307 they are 79 % more affordable than the average price for Van Nuys. The properties with the lowest average price have 4 bedrooms, Their price is 6 % cheaper than the average. After that we have properties with 3 bedrooms priced at $916,086.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $479 / sq.feet, with an average $517 / sq.feet price in Van Nuys. The properties with the highest average prices have 3 bedrooms. They are 40 % more expensive than the average followed by properties with 2 bedrooms with a price at $652 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,009,307 it is 50 % cheaper than the average price in Van Nuys. "Duplex" is seen as the second most affordable property type. The dearest property type is "House" followed by "Detached House". At a price of $973,901 it is 10 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $276 / sq.feet followed by "House" priced at $581 / sq.feet. "Duplex" is the most costly type of property with a $2,209 / sq.feet cost followed by "Condo" with an average price of $653 / sq.feet.
