Property prices for sale in Morro Bay (California)
The prices in real estate in Morro 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 Morro Bay has increased strongly during the last 6 months. In November, the average price per sq.feet was $571. In the following month the price per sq.feet increased considerably to $667. In the following two months the price per sq.feet has barely changed, going from $619 to $601.5 per sq.feet. The price per sq.feet has had a considerable increase of 516 % 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 $610.25 to $3,148 during March, and April.
Based upon to the price in Morro Bay (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $951,739. During December the price went through a considerable rise reaching $1,148,290. In the following two months the average price has remained the same with regard to the previous two months from $1,050,014.5 to $1,049,029. Based on an analysis of the first four prices and the last two months the average price has risen strongly 117 % 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 $1,089,982 they are 58 % more affordable than the average price for Morro Bay. The properties with the highest average price have 4 bedrooms, Their price is 123 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,093,750.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the most costly ones at a cost of $755 / sq.feet, with an average $750 / sq.feet price in Morro Bay. The properties with the highest average prices have 1 bedroom. They are 8 % more expensive than the average followed by properties with 2 bedrooms with a price at $782 / sq.feet.
The graph displaying the average prices displays the property type "Detached House" as the most costly one. At an cost of $1,089,982 it is 15 % more expensive than the average price in Morro Bay. "House" is seen as the second dearest property type. The dearest property type is "Land" followed by "House". At a price of $1,276,076 it is 82 % 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 $681 / sq.feet followed by "House" priced at $769 / sq.feet. "Land" is the most costly type of property with a $435,003 / sq.feet cost followed by "House" with an average price of $769 / sq.feet.
