The prices in real estate in Rancho Santa Fe, in the California region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Rancho Santa Fe has had a strong decrease during the last 6 months. In February, the average price per sq.feet was $2,880. In the following month the price per sq.feet decreased considerably to $1,570. The price for the following two months in (April, May) had a considerable decrease of 33 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 40 % 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 $1,478.25 to $594 during June, and July.
Based upon to the price in Rancho Santa Fe (cities), these have remained the same in the last 6 months. The price in February is $3,710,044, rising in March till $3,897,213. During the following two months (April, May) the average price fell 93 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $3,673,406.5 and $3,639,640 between June and July.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $3,675,186 they are 5 % more affordable than the average price for Rancho Santa Fe. The properties with the highest average price have 2 bedrooms, Their price is 17 % more costly than the average. After that we have properties with 1 bedroom priced at $3,503,201.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of $2,042 / sq.feet, with an average $595 / sq.feet price in Rancho Santa Fe. The properties with the highest average prices have 1 bedroom. They are 981 % more expensive than the average followed by properties with 2 bedrooms with a price at $2,042 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $3,675,186 it is 6 % cheaper than the average price in Rancho Santa Fe. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "Detached House". At a price of $3,481,929 it is 17 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Townhouse" at an average cost of $608 / sq.feet followed by "Detached House" priced at $614 / sq.feet. "Land" is the most costly type of property with a $2,454 / sq.feet cost followed by "Apartment" with an average price of $2,042 / sq.feet.