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 November, the average price per sq.feet was $229. In the following month the price per sq.feet decreased to $200. In the following two months the price per sq.feet has increased 110 %, going from $214.5 to $236.5 per sq.feet. The price per sq.feet has had a considerable increase of 301 % 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 $225.5 to $678 during March, and April.
Based upon to the price in Bandera (cities), this has gone downing the last 6 months. The average price for November is $487,767. During December the price had a considerable reduction till $387,901. In the following two months the average price has remained the same with regard to the previous two months from $437,834 to $421,258. Based on an analysis of the first four prices and the last two months the average price has risen strongly 117 % 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 $378,982 they are 57 % more affordable than the average price for Bandera. The properties with the highest average price have 4 bedrooms, Their price is 173 % more costly than the average. After that we have properties with 3 bedrooms priced at $259,010.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $116 / sq.feet, with an average $233 / sq.feet price in Bandera. The properties with the highest average prices have 2 bedrooms. They are 14 % more expensive than the average followed by properties with 1 bedroom with a price at $225 / sq.feet.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of $378,982 it is 42 % 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 $382,223 it is 219 % 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 $90 / sq.feet followed by "House" priced at $173 / sq.feet. "Commercial" is the cheapest type of property with a $175 / sq.feet value followed by "House" with an average price of $173 / sq.feet.