The prices in real estate in Banning, 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 Banning has remained the same in the last 6 months. In July, the average price per sq.feet was $183. In August this price pretty much remained the same at a value of $181 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $182 to $182 per sq.feet. The price per sq.feet has decreased 95 % 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 $182 to $172.5 during November, and December.
Based upon to the price in Banning (cities), these have remained the same in the last 6 months. In our first sample month during July, the average price is $274,935. In August This price remains at $282,876. During the following two months (September, October) the price has had an average incrementation from $278,905.5 to $294,476.5. 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 $286,691 and $284,247 between November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $286,635 they are 28 % more affordable than the average price for Banning. The properties with the highest average price have 4 bedrooms, Their price is 18 % more costly than the average. After that we have properties with 3 bedrooms priced at $270,124.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of $174 / sq.feet, with an average $173 / sq.feet price in Banning. The properties with the highest average prices have 1 bedroom. They are 92 % more expensive than the average followed by properties with 4 bedrooms with a price at $187 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $286,635 it is 33 % cheaper than the average price in Banning. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $194,570 it is 37 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $131 / sq.feet followed by "Condo" priced at $174 / sq.feet. "House" is the most costly type of property with a $196 / sq.feet cost followed by "Condo" with an average price of $174 / sq.feet.