The prices in real estate in Half Moon Bay, in the California region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Half Moon Bay has increased strongly during the last 6 months. In March, the average price per sq.feet was $558. In the following month the price per sq.feet decreased to $527. The price for the following two months in (May, June) had a considerable increment of 473 %. The price per sq.feet has decreased 88 % 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 $1,553.25 to $1,364.5 during July, and August.
Based upon to the price in Half Moon Bay (cities), this has gone up considerably in the last 6 months. In our first sample month during March, the average price is $1,388,130. In April This price remains at $1,330,673. During the following two months (May, June) the average price had a considerable increase of 143 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 105 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $1,669,323 they are 5 % more affordable than the average price for Half Moon Bay. The properties with the highest average price have 1 bedroom, Their price is 97 % more costly than the average. After that we have properties with 4 bedrooms priced at $2,187,310.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $564 / sq.feet, with an average $665 / sq.feet price in Half Moon Bay. The properties with the highest average prices have 1 bedroom. They are 1402 % more expensive than the average followed by properties with 2 bedrooms with a price at $5,361 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $1,669,323 it is 10 % cheaper than the average price in Half Moon Bay. "Detached House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Detached House". At a price of $1,530,930 it is 14 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Detached House" at an average cost of $744 / sq.feet followed by "House" priced at $1,307 / sq.feet. "Townhouse" is the most costly type of property with a $3,052 / sq.feet cost followed by "House" with an average price of $1,307 / sq.feet.