The prices in real estate in Bandera, in the Texas 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 Bandera has increased strongly during the last 6 months. In January, the average price per sq.feet was $149. In the following month the price per sq.feet decreased to $135. The price for the following two months in (March, April) had a considerable increment of 122 %. The price per sq.feet has had a considerable increase of 129 % 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 $157.5 to $203 during May, and June.
Based upon to the price in Bandera (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during January, is $275,934. During February the price went through a considerable rise reaching $342,531. During the following two months (March, April) the average price had a considerable increase of 154 % 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 180 % 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 $735,237 they are 78 % more affordable than the average price for Bandera. The properties with the highest average price have 4 bedrooms, Their price is 42 % more costly than the average. After that we have properties with 3 bedrooms priced at $261,620.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $126 / sq.feet, with an average $210 / sq.feet price in Bandera. The properties with the highest average prices have 2 bedrooms. They are 29 % more expensive than the average followed by properties with 1 bedroom with a price at $230 / sq.feet.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of $735,237 it is 70 % cheaper than the average price in Bandera. "House" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $386,071 it is 66 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $100 / sq.feet followed by "House" priced at $183 / sq.feet. "Commercial" is the cheapest type of property with a $185 / sq.feet value followed by "House" with an average price of $183 / sq.feet.