The prices in real estate in Morongo Valley, 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 Morongo Valley has increased strongly during the last 6 months. In November, the average price per sq.feet was $166. In the following month the price per sq.feet increased to $183. The price for the following two months in (January, February) had a considerable increment of 124 %. The price per sq.feet has had a considerable increase of 119 % 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 $195.75 to $233.5 during March, and April.
Based upon to the price in Morongo Valley (cities), this has gone up considerably in the last 6 months. The price in November is $203,653, rising in December till $216,727. During the following two months (January, February) the average price had a considerable increase of 120 % 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 126 % 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 $309,742 they are 43 % more affordable than the average price for Morongo Valley. The properties with the highest average price have 4 bedrooms, Their price is 86 % more costly than the average. After that we have properties with 3 bedrooms priced at $356,368.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $237 / sq.feet, with an average $244 / sq.feet price in Morongo Valley. The properties with the highest average prices have 4 bedrooms. They are 5 % more expensive than the average followed by properties with 1 bedroom with a price at $252 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $309,742 it is 73 % cheaper than the average price in Morongo Valley. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Apartment". At a price of $83,916 it is 2 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $74 / sq.feet followed by "House" priced at $238 / sq.feet. "House" is the cheapest type of property with a $238 / sq.feet value followed by "Apartment" with an average price of $74 / sq.feet.