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 October, the average price per sq.feet was $189. In the following month the price per sq.feet decreased to $173. In the following two months the price per sq.feet has increased 112 %, going from $181 to $202 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $191.5 to $199 during February y March
Based upon to the price in Banning (cities), these have remained the same in the last 6 months. The average price for October is $265,646. During November the price had a slight fall till $229,587. During the following two months (December, January) the average price had a considerable increase of 117 % 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 gone up 105 % 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 $272,922 they are 34 % more affordable than the average price for Banning. The properties with the highest average price have 4 bedrooms, Their price is 50 % more costly than the average. After that we have properties with 3 bedrooms priced at $299,135.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of $190 / sq.feet, with an average $189 / sq.feet price in Banning. The properties with the highest average prices have 1 bedroom. They are 59 % more expensive than the average followed by properties with 3 bedrooms with a price at $208 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $272,922 it is 31 % 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 "Condo". At a price of $205,592 it is 18 % 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 $116 / sq.feet followed by "Duplex" priced at $159 / sq.feet. "House" is the most costly type of property with a $208 / sq.feet cost followed by "Condo" with an average price of $204 / sq.feet.