The prices in real estate in Bakersfield, in the California region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Bakersfield has remained the same in the last 6 months. In August, the average price per sq.feet was $136. In the following month the price per sq.feet increased to $146. In the following two months the price per sq.feet has barely changed, going from $141 to $140 per sq.feet. The price per sq.feet has decreased 94 % 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 $140.5 to $132.5 during December, and January.
Based upon to the price in Bakersfield (cities), this has gone downing the last 6 months. In our first sample month during August, the average price is $263,333. In September This price remains at $272,941. During the following two months (October, November) the average price fell 94 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 91 %, going from $259,507.5 to $236,359.5 in December and January.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $234,730 they are 57 % more affordable than the average price for Bakersfield. The properties with the highest average price have 4 bedrooms, Their price is 20 % more costly than the average. After that we have properties with 3 bedrooms priced at $204,224.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $108 / sq.feet, with an average $126 / sq.feet price in Bakersfield. The properties with the highest average prices have 1 bedroom. They are 16 % more expensive than the average followed by properties with 3 bedrooms with a price at $125 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $234,730 it is 43 % cheaper than the average price in Bakersfield. "Duplex" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $234,739 it is 17 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $88 / sq.feet followed by "Duplex" priced at $106 / sq.feet. "Condo" is the most costly type of property with a $198 / sq.feet cost followed by "Commercial" with an average price of $136 / sq.feet.