Real estate in California with Price reference
How affordable are prices in the California real estate market? In the article, you will find:
- the most expensive and cheapest Californian cities in terms of cost per square meter of housing;
- average cost of houses in California by years, dynamics of changes;
- the average cost of homes by county in California, as well as in price comparison with other states in the country;
- the average land value by county in the state;
- what real estate can be purchased in a given state with a certain amount of money.
Top California cities with the highest and lowest prices for houses, apartments
The most expensive cities for real estate
The tables below show the highest and lowest average home and apartment prices by city in the state. All data was obtained by calculating from the American major resource where you can buy or rent any real estate in the United States, a house, an apartment, a farm.
Although Los Angeles does not rank first among the expensive cities, it comes at number 6 on the top list of the rankings. The average cost of a residential building in this city is $ 6,760 – 1m² . The cost per square meter of an apartment is about $ 4,839 .
The cheapest cities for real estate
More affordable are:
It is worth noting that the average sale time for both expensive and cheap real estate in California is 43 days.
Average cost of houses and apartments in the state by year and county
According to official and unofficial data:
California: Average Cost by Year
Below is a graph of the dynamics of changes in the average house price in California over the years. The data were obtained and rechecked on the country’s large real estate resources.
Average home prices by county
If you are looking for cheap homes in the United States, you are more likely to find them in states such as Texas and the surrounding area. The state of California in this regard, significantly stands out in terms of high cost on the general map of the country.
From the infographic below, you can see that coastal California homes are much more expensive.
Average land value by county in California
According to the American resources engaged in the sale of land in the United States, the average price of agricultural land for the counties that we managed to determine is equal to the around 60k€.
What kind of real estate can you afford in California?
You have money? Let’s see what they can buy in the state of California.
What can be purchased for $ 1,000,000?
Having a million dollars will not make you significantly different from other real estate owners in the California regions. This is also evidenced by the statistics above, the average price for a house in this state is about $ 700,000.
In this house: 4 bedrooms, 3 bathrooms, garage for three cars. The house itself was built in 2001, its area is 380 square meters, the land plot is 887 m². Distance from the nearest large city of Sacramento = 17 km, 145 km to the ocean.
In this house: 5 bedrooms, 3 bathrooms, garage for 3 cars. House area 322 m², plot 809 m².
Distance: 61 km to Los Angeles, 50 km to the ocean.
In fact, among for sale there are quite a few seemingly similar real estate with a cost several times lower. One of the factors behind this gap is the interior of these houses.
What can you buy for $ 500,000?
This is how the houses in California look like for half a million dollars:
In the house: 4 bedrooms, 2 bathrooms, garage for two cars. Year of construction 2009. House area: 185 m². Distance from Los Angeles 60 km, to the ocean 85 km.
In this house: 3 bedrooms, 2 bathrooms, garage for 2 cars. House area 138 m², year of construction 1954. Located 76 km from the ocean, near Los Angeles.
In this house: 3 bedrooms, 2 bathrooms, garage for 2 cars. Year of construction 1985, house area 221 m². Located in a mountainous area on the border with the state of Nevada, to the nearest large settlement 175 km, to the ocean 300 km.
With about $ 250,000
Houses of the following type and content:
In this house: 3 bedrooms, 2 bathrooms, garage for 2 cars. The area of the house is 172 m², the plot on which it is located is 809 m². Built in 1972, located in the central part of the state.
Features of the house: 3 bedrooms, 2 bathrooms and a garage for one car. Living area 113 m², plot 836 m², also located in the central part of the state.
The parameters of this house: 2 bedrooms and 1 bathroom, garage for two cars. Year of construction 1929. House area 134 m² on a plot of 728 m². The ocean is 150 km away.
Homes for $ 100,000
For 100,000 US dollars, in California you can buy houses that are somewhat reminiscent of houses in American villages.
House parameters: 1 bedroom, 1 bathroom, garage for one car. Built in 1936. Area 55 m² on a plot of 242 m². Located in the central part of the state.
This house has 1 bedroom, 1 bathroom, no garage. House area 51 m². Located in the northern part of the state on the border with the state of Nevada.
Options: 3 bedrooms, 2 bathrooms, there is a garage for two cars. It is located in the northern part of the state on the border with the state of Oregon.
With about $ 50,000
For 50,000 US dollars, you can buy houses that look more like a barn, or cabins for builders.
Options: 1 bedroom, 1 bathroom. Founded 1968, with an area of 71 m², in a desert, mountainous area in the east of the state.
This house has 2 bedrooms, 1 bathroom. Its area is 61 m², plot of 195 m². Year of construction 1940 in the central part of the state.
For those who have $ 20,000 or less
For 20,000 dollars among the proposed objects, you can buy a used trailer, or a small plot of land, depending on the amount available, and start building your building in stages.
These are all details about buying luxury properties in california.
Thanks for reading.