The prices in real estate in Santa Maria, 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 Santa Maria has increased during the last 6 months. In February, the average price per sq.feet was $201. In the following month the price per sq.feet increased considerably to $232. The price for the following two months in (April, May) decreased 92 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 122 % 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 $208.25 to $253.5 during June, and July.
Based upon to the price in Santa Maria (cities), this has gone up considerably in the last 6 months. The price in February is $380,704, rising in March till $426,576. During the following two months (April, May) the average price had a considerable increase of 130 % 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 risen strongly 132 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $576,083 they are 69 % more affordable than the average price for Santa Maria. The properties with the lowest average price have 4 bedrooms, Their price is 17 % cheaper than the average. After that we have properties with 1 bedroom priced at $457,874.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $133 / sq.feet, with an average $262 / sq.feet price in Santa Maria. The properties with the highest average prices have 1 bedroom. They are 242 % more expensive than the average followed by properties with 3 bedrooms with a price at $220 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $576,083 it is 54 % cheaper than the average price in Santa Maria. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "Detached House". At a price of $334,076 it is 28 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $104 / sq.feet followed by "Duplex" priced at $143 / sq.feet. "Detached House" is the cheapest type of property with a $216 / sq.feet value followed by "House" with an average price of $151 / sq.feet.