The prices in real estate in Banning, 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 Banning has increased during the last 6 months. In September, the average price per sq.feet was $256. In October this price pretty much remained the same at a value of $265 per sq.feet. In the following two months the price per sq.feet has increased 111 %, going from $260.5 to $289.5 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 $275 to $259.5 during January, and February.
Based upon to the price in Banning (cities), these have remained the same in the last 6 months. The price in September is $387,635, rising in October till $416,634. In the following two months the average price has remained the same with regard to the previous two months from $402,134.5 to $414,811.5. 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 $408,473 and $392,819 between January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $359,282 they are 70 % more affordable than the average price for Banning. The properties with the highest average price have 4 bedrooms, Their price is 51 % more costly than the average. After that we have properties with 3 bedrooms priced at $430,636.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $112 / sq.feet, with an average $244 / sq.feet price in Banning. The properties with the highest average prices have 3 bedrooms. They are 12 % more expensive than the average followed by properties with 4 bedrooms with a price at $262 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $359,282 it is 49 % cheaper than the average price in Banning. "Apartment" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $432,104 it is 113 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $129 / sq.feet followed by "House" priced at $269 / sq.feet. "Commercial" is the most costly type of property with a $619 / sq.feet cost followed by "Apartment" with an average price of $271 / sq.feet.