The prices in real estate in Santa Margarita, 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 Santa Margarita has increased strongly during the last 6 months. In October, the average price per sq.feet was $336. In the following month the price per sq.feet increased to $372. The price for the following two months in (December, January) had a considerable increment of 335 %. The price per sq.feet has had a considerable increase of 325 % 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 $769.75 to $2,503 during February, and March.
Based upon to the price in Santa Margarita (cities), this has fallen considerably in the last 6 months. The average price for October is $673,617. During November the price had a considerable reduction till $483,082. During the following two months (December, January) the average price had a considerable reduction of 80 % 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 107 % 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 $336,474 they are 38 % more affordable than the average price for Santa Margarita. The properties with the highest average price have 4 bedrooms, Their price is 249 % more costly than the average. After that we have properties with 3 bedrooms priced at $593,514.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $352 / sq.feet, with an average $4,669 / sq.feet price in Santa Margarita. The properties with the lowest average prices have 2 bedrooms. They are 91 % cheaper than the average followed by properties with 3 bedrooms with a price at $377 / sq.feet.
With regard to the average price based upon the property in Santa Margarita we can see that most expensive property type is "House" at a price of $1,215,491, they are 261 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 261 % more expensive than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $875 / sq.feet. "House" with an average cost of $875 / sq.feet has the lowest price and would be directed at less affluent cities.