The prices in real estate in Riverbank, in the California 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 Riverbank has increased strongly during the last 6 months. In May, the average price per sq.feet was $145. In the following month the price per sq.feet decreased considerably to $106. The price for the following two months in (July, August) had a considerable increment of 167 %. The price per sq.feet has had a considerable increase of 127 % 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 $167.5 to $212 during September, and October.
Based upon to the price in Riverbank (cities), these have remained the same in the last 6 months. The average price for May is $352,418. During June the price had a considerable reduction till $235,585. During the following two months (July, August) the average price had a considerable increase of 133 % with regard to the previous two months. 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 $342,348 and $357,488.5 between September and October.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 14 % cheaper than the average price of $321,482 in Riverbank. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 14 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 15 % cheaper than the average price of ($181 / sq.feet) in Riverbank. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 15 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $373,207 it is 28 % cheaper than the average price in Riverbank. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Apartment". At a price of $268,211 it is 14 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $174 / sq.feet followed by "House" priced at $181 / sq.feet. "House" is the cheapest type of property with a $181 / sq.feet value followed by "Apartment" with an average price of $174 / sq.feet.