The average price in the California region has had an strong increase in recent months. There has been a strong inflation in the prices in this region.
The price per sq.feet in California has increased strongly in the last 6 months. During November, the average price per sq.feet was $367. The following month (December) the price had a considerable increase reaching $448 per sq.feet. In the following two months (January, February) the price per sq.feet has risen strongly to a 134 %. In the last two months, the price per sq.feet has had a significant decrease of 79 %. This has been obtained by comparing the price of $477.25 for the first four months of the sample with regard to the previous 4 months and the price of $376 per sq.feet for the last two months (March, April).
Based upon to the price in California(region), this has increased considerably in the last 6 months. The average price in November is $633,149. In December the price increased to $711,253. The average price for the following two months (January, February) increased from $672,201 to $743,853.5. During the last two months the price has risen 106 % compared to the previous average values going from $708,027.25 a $750,653 in March and April.
The graph displaying the the average price per number of bedrooms shows that those with 2 bedrooms are the cheapest ones. They are 36 % more affordable than the average price in California followed by those with 3 with an average price of $639,267. The most costly properties have 4 bedrooms. They are 15 % more expensive than the average followed by those properties with 1 bedroom priced at $641,015.
Based on the average price per sq.feet those properties with 4 bedrooms are the cheapest ones with a price of $328 / sq.feet being $388 / sq.feet the average value within the California region. The properties with the most expensive average price are those with 1 bedroom. These are 72 % more costly than the average followed by those with 2 bedrooms with a price of $397 / sq.feet.
The graph displaying the average price according to the property type shows "Condo" as the cheapest one. With an average cost of $727,480 it is 34 % more affordable than the average in California. This is followed by "Apartment" with a price of $547,048. The dearest property type is "Land" and is 34 % more expensive than the average, followed by "Commercial" with a cost of $866,926.
Based on the average cost per sq.feet the cheapest property type is "House with a an average cost of $326 / sq.feet, followed by "Townhouse" with a price of $363 / sq.feet. "Apartment" with an average price of $4,024 / sq.feet is the most costly type of property followed by "Condo" at a price of $3,121 / sq.feet.