The prices in real estate in Montara, 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 Montara has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $814. In the following month the price per sq.feet decreased considerably to . In the following two months the price per sq.feet has increased 107 %, going from $407 to $434 per sq.feet. The price per sq.feet has had a considerable increase of 221 % 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 $420.5 to $931 during March, and April.
Based upon to the price in Montara (cities), this has fallen considerably in the last 6 months. The average price for November is $2,609,000. During December the price had a considerable reduction till . During the following two months (January, February) the average price had a considerable reduction of 74 % 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 risen strongly 170 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $1,988,750 they are 38 % more affordable than the average price for Montara. The properties with the highest average price have 4 bedrooms, Their price is 8 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,533,498.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $716 / sq.feet, with an average $901 / sq.feet price in Montara. The properties with the highest average prices have 1 bedroom. They are 95 % more expensive than the average followed by properties with 2 bedrooms with a price at $902 / sq.feet.
The graph displaying the average prices displays the property type "Detached House" as the most affordable one. At an cost of $1,988,750 it is 28 % cheaper than the average price in Montara. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Detached House". At a price of $1,423,613 it is 21 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $896 / sq.feet followed by "Detached House" priced at $2,126 / sq.feet. "Detached House" is the most costly type of property with a $2,126 / sq.feet cost followed by "House" with an average price of $896 / sq.feet.