Property prices for sale in Martinez (California)
The prices in real estate in Martinez, 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 Martinez has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $385. In November this price pretty much remained the same at a value of $385 per sq.feet. The price for the following two months in (December, January) had a considerable decrease of 78 with regard to the prior two months. The price per sq.feet has decreased 95 % 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 $342.25 to $325 during February, and March.
Based upon to the price in Martinez (cities), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $668,892. In November This price remains at $652,790. During the following two months (December, January) the average price had a considerable reduction of 78 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 94 %, going from $586,561.75 to $548,993 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $512,257 they are 8 % more affordable than the average price for Martinez. The properties with the highest average price have 2 bedrooms, Their price is 9 % more costly than the average. After that we have properties with 4 bedrooms priced at $485,708.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $230 / sq.feet, with an average $292 / sq.feet price in Martinez. The properties with the highest average prices have 1 bedroom. They are 141 % more expensive than the average followed by properties with 2 bedrooms with a price at $474 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $512,257 it is 1 % cheaper than the average price in Martinez. "Condo" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Townhouse". At a price of $629,088 it is 133 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $165 / sq.feet followed by "House" priced at $267 / sq.feet. "Land" is the most costly type of property with a $127,157 / sq.feet cost followed by "Condo" with an average price of $507 / sq.feet.
