The prices in real estate in Murrieta, in the California region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Murrieta has fallen in the last 6 months. In June, the average price per sq.feet was $200. In the following month the price per sq.feet decreased considerably to $158. The price for the following two months in (August, September) decreased 92 % with regard to the prior two months. 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 $171.75 to $204 during October, and November.
Based upon to the price in Murrieta (cities), this has fallen considerably in the last 6 months. The average price for June is $870,937. During July the price had a considerable reduction till $692,974. During the following two months (August, September) the average price had a considerable reduction of 67 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $653,488 to $509,302.5, which means a 78 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $514,527 they are 28 % more affordable than the average price for Murrieta. The properties with the highest average price have 4 bedrooms, Their price is 12 % more costly than the average. After that we have properties with 1 bedroom priced at $568,414.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $190 / sq.feet, with an average $217 / sq.feet price in Murrieta. The properties with the highest average prices have 1 bedroom. They are 228 % more expensive than the average followed by properties with 2 bedrooms with a price at $248 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $514,527 it is 3 % cheaper than the average price in Murrieta. "Land" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "House". At a price of $538,096 it is 22 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $141 / sq.feet followed by "Condo" priced at $173 / sq.feet. "Land" is the cheapest type of property with a $199 / sq.feet value followed by "House" with an average price of $197 / sq.feet.