The prices in real estate in Rancho Mirage, in the California region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Rancho Mirage has remained the same in the last 6 months. In June, the average price per sq.feet was $251. In the following month the price per sq.feet increased to $266. The price for the following two months in (August, September) decreased 94 % with regard to the prior two months. The price per sq.feet has increased 108 % 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 $250.25 to $270.5 during October, and November.
Based upon to the price in Rancho Mirage (cities), this has gone up in the last 6 months. The average price during our first sample month during June, is $658,209. During July the price went through a considerable rise reaching $814,524. During the following two months (August, September) the average price fell 92 % 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 gone up 112 % 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 $1,063,508 they are 84 % more affordable than the average price for Rancho Mirage. The properties with the highest average price have 4 bedrooms, Their price is 13 % more costly than the average. After that we have properties with 3 bedrooms priced at $557,289.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $193 / sq.feet, with an average $307 / sq.feet price in Rancho Mirage. The properties with the highest average prices have 4 bedrooms. They are 2 % more expensive than the average followed by properties with 3 bedrooms with a price at $216 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,063,508 it is 67 % cheaper than the average price in Rancho Mirage. "Apartment" is seen as the second most affordable property type. The cheapest type property is "Triplex" followed by "Land". At a price of $803,506 it is 12 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $166 / sq.feet followed by "Land" priced at $227 / sq.feet. "Triplex" is the most costly type of property with a $32,898 / sq.feet cost followed by "Apartment" with an average price of $1,914 / sq.feet.