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 November, the average price per sq.feet was $395. In December this price pretty much remained the same at a value of $388 per sq.feet. The price for the following two months in (January, February) had a considerable increment of 131 %. The price per sq.feet has increased 106 % 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 $452.75 to $479.5 during March, and April.
Based upon to the price in Santa Margarita (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $556,012. During December the price went through a considerable rise reaching $836,817. During the following two months (January, February) the average price had a considerable increase of 118 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $757,998 to $525,338.5, which means a 69 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $497,427 they are 47 % more affordable than the average price for Santa Margarita. The properties with the highest average price have 4 bedrooms, Their price is 138 % more costly than the average. After that we have properties with 3 bedrooms priced at $600,088.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $363 / sq.feet, with an average $472 / sq.feet price in Santa Margarita. The properties with the highest average prices have 1 bedroom. They are 18 % more expensive than the average followed by properties with 2 bedrooms with a price at $442 / 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 $1,228,947, they are 147 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 147 % more expensive than the average price aforementioned.
According to the average area price by sq.feet the most costly property type is "House with an average price of $886 / sq.feet. "House" at an average price of $886 / sq.feet has the most expensive price and would be directed at more affluent cities.