The prices in real estate in Rancho Santa Margarita, 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 Rancho Santa Margarita has fallen in the last 6 months. In February, the average price per sq.feet was $396. In March this price pretty much remained the same at a value of $391 per sq.feet. The price for the following two months in (April, May) had a considerable decrease of 83 with regard to the prior two months. 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 $360.5 to $368.5 during June y July
Based upon to the price in Rancho Santa Margarita (cities), this has gone up considerably in the last 6 months. In our first sample month during February, the average price is $645,297. In March This price remains at $656,077. During the following two months (April, May) the price has had an average incrementation from $650,687 to $738,403. Based on an analysis of the first four prices and the last two months the average price has risen strongly 120 % 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 $882,471 they are 68 % more affordable than the average price for Rancho Santa Margarita. The properties with the lowest average price have 4 bedrooms, Their price is 5 % cheaper than the average. After that we have properties with 3 bedrooms priced at $640,212.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $369 / sq.feet, with an average $387 / sq.feet price in Rancho Santa Margarita. The properties with the highest average prices have 1 bedroom. They are 21 % more expensive than the average followed by properties with 2 bedrooms with a price at $442 / sq.feet.
The graph displaying the average prices displays the property type "Multi Family House" as the most affordable one. At an cost of $882,471 it is 59 % cheaper than the average price in Rancho Santa Margarita. "Office" is seen as the second most affordable property type. The cheapest type property is "Condo" followed by "House". At a price of $671,818 it is 13 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $229 / sq.feet followed by "Condo" priced at $333 / sq.feet. "Multi Family House" is the most costly type of property with a $405 / sq.feet cost followed by "Office" with an average price of $346 / sq.feet.