The prices in real estate in Rancho Santa Margarita, in the California region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Rancho Santa Margarita has increased during the last 6 months. In November, the average price per sq.feet was $493. In December this price pretty much remained the same at a value of $499 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $496 to $497 per sq.feet. The price per sq.feet has had a considerable increase of 117 % 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 $496.5 to $578.5 during March, and April.
Based upon to the price in Rancho Santa Margarita (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is $854,911. In December This price remains at $827,662. In the following two months the average price has remained the same with regard to the previous two months from $841,286.5 to $831,666.5. Based on an analysis of the first four prices and the last two months the average price has gone up 113 % 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 $1,005,787 they are 61 % more affordable than the average price for Rancho Santa Margarita. The properties with the highest average price have 4 bedrooms, Their price is 25 % more costly than the average. After that we have properties with 3 bedrooms priced at $949,154.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $557 / sq.feet, with an average $586 / sq.feet price in Rancho Santa Margarita. The properties with the highest average prices have 1 bedroom. They are 14 % more expensive than the average followed by properties with 2 bedrooms with a price at $601 / sq.feet.
The graph displaying the average prices displays the property type "Multi Family House" as the most affordable one. At an cost of $1,005,787 it is 65 % cheaper than the average price in Rancho Santa Margarita. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $797,974 it is 10 % 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 $325 / sq.feet followed by "Multi Family House" priced at $384 / sq.feet. "Apartment" is the most costly type of property with a $1,735 / sq.feet cost followed by "Condo" with an average price of $594 / sq.feet.