The prices in real estate in Morgan Hill, in the California region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Morgan Hill has increased during the last 6 months. In January, the average price per sq.feet was $554. In February this price pretty much remained the same at a value of $580 per sq.feet. In the following two months the price per sq.feet has increased 114 %, going from $567 to $648.5 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $607.75 to $630.5 during May y June
Based upon to the price in Morgan Hill (cities), this has gone up considerably in the last 6 months. In our first sample month during January, the average price is $1,206,724. In February This price remains at $1,223,675. During the following two months (March, April) the average price had a considerable increase of 118 % 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 119 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,629,725 they are 84 % more affordable than the average price for Morgan Hill. The properties with the highest average price have 4 bedrooms, Their price is 7 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,152,751.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $418 / sq.feet, with an average $619 / sq.feet price in Morgan Hill. The properties with the highest average prices have 3 bedrooms. They are 3 % more expensive than the average followed by properties with 4 bedrooms with a price at $633 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,629,725 it is 55 % cheaper than the average price in Morgan Hill. "Duplex" is seen as the second most affordable property type. The dearest property type is "House" followed by "Commercial Property". At a price of $1,042,360 it is 6 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial Property" at an average cost of $356 / sq.feet followed by "Duplex" priced at $439 / sq.feet. "House" is the most costly type of property with a $630 / sq.feet cost followed by "Condo" with an average price of $500 / sq.feet.