The prices in real estate in Bamberg, in the South Carolina region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Bamberg has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $4,138. In the following month the price per sq.feet decreased considerably to $863. The price for the following two months in (December, January) had a considerable decrease of 18 with regard to the prior two months. The price per sq.feet has had a considerable increase of 115 % 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 $1,477 to $1,700 during February, and March.
Based upon to the price in Bamberg (cities), this has gone up in the last 6 months. The price in October is $161,539, rising in November till $171,173. During the following two months (December, January) the price has had an average incrementation from $166,356 to $175,794.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $171,075.25 and $166,173 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $172,555 they are 19 % more affordable than the average price for Bamberg. The properties with the highest average price have 1 bedroom, Their price is 1 % more costly than the average. After that we have properties with 2 bedrooms priced at $139,347.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $14 / sq.feet, with an average $1,712 / sq.feet price in Bamberg. The properties with the lowest average prices have 1 bedroom. They are 87 % cheaper than the average followed by properties with 2 bedrooms with a price at $14 / sq.feet.
With regard to the average price based upon the property in Bamberg we can see that the cheapest property type is "House" at a price of $139,347, they are 19 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 19 % more affordable 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 $14 / sq.feet. "House" with an average cost of $14 / sq.feet has the lowest price and would be directed at less affluent cities.