The prices in real estate in Rancho Mirage, 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 Rancho Mirage has increased strongly during the last 6 months. In February, the average price per sq.feet was $1,407. In the following month the price per sq.feet decreased considerably to $1,038. The price for the following two months in (April, May) had a considerable increment of 277 %. 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 $2,305.5 to $2,419.5 during June y July
Based upon to the price in Rancho Mirage (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during February, is $910,749. During March the price went through a considerable rise reaching $1,082,496. During the following two months (April, May) the price has had an average incrementation from $996,622.5 to $1,140,034.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 121 % 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 $1,199,162 they are 88 % more affordable than the average price for Rancho Mirage. The properties with the highest average price have 4 bedrooms, Their price is 14 % more costly than the average. After that we have properties with 3 bedrooms priced at $581,509.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $86 / sq.feet, with an average $3,034 / sq.feet price in Rancho Mirage. The properties with the highest average prices have 4 bedrooms. They are 636 % more expensive than the average followed by properties with 3 bedrooms with a price at $1,806 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,199,162 it is 66 % cheaper than the average price in Rancho Mirage. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Triplex". At a price of $928,457 it is 24 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $143 / sq.feet followed by "Townhouse" priced at $222 / sq.feet. "Triplex" is the most costly type of property with a $32,634 / sq.feet cost followed by "Land" with an average price of $8,031 / sq.feet.