The prices in real estate in Woodland Hills, 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 Woodland Hills has had a strong decrease during the last 6 months. In January, the average price per sq.feet was $2,712. In the following month the price per sq.feet decreased to $2,403. The price for the following two months in (March, April) had a considerable decrease of 25 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 23 % 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 $1,600.5 to $371.5 during May, and June.
Based upon to the price in Woodland Hills (cities), this has fallen considerably in the last 6 months. The average price for January is $1,050,180. During February the price had a slight fall till $976,084. During the following two months (March, April) the average price fell 94 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $983,946.5 to $715,009.5, which means a 73 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $711,329 they are 49 % more affordable than the average price for Woodland Hills. The properties with the highest average price have 4 bedrooms, Their price is 39 % more costly than the average. After that we have properties with 3 bedrooms priced at $745,960.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $371 / sq.feet, with an average $397 / sq.feet price in Woodland Hills. The properties with the highest average prices have 1 bedroom. They are 38 % more expensive than the average followed by properties with 2 bedrooms with a price at $428 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $711,329 it is 7 % cheaper than the average price in Woodland Hills. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Duplex". At a price of $792,793 it is 25 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $382 / sq.feet followed by "House" priced at $429 / sq.feet. "Townhouse" is the most costly type of property with a $4,239 / sq.feet cost followed by "Condo" with an average price of $447 / sq.feet.