The prices in real estate in San Bernardino, 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 San Bernardino has increased strongly during the last 6 months. In May, the average price per sq.feet was $143. In the following month the price per sq.feet increased considerably to $170. The price for the following two months in (July, August) had a considerable increment of 122 %. The price per sq.feet has had a considerable increase of 128 % 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 $173.5 to $222 during September, and October.
Based upon to the price in San Bernardino (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during May, is $268,520. During June the price went through a considerable rise reaching $320,907. During the following two months (July, August) the average price had a considerable increase of 117 % 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 $320,460.25 and $304,917 between September and October.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $304,608 they are 29 % more affordable than the average price for San Bernardino. The properties with the highest average price have 4 bedrooms, Their price is 34 % more costly than the average. After that we have properties with 3 bedrooms priced at $329,506.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $212 / sq.feet, with an average $217 / sq.feet price in San Bernardino. The properties with the highest average prices have 2 bedrooms. They are 13 % more expensive than the average followed by properties with 1 bedroom with a price at $239 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $304,608 it is 2 % cheaper than the average price in San Bernardino. "Duplex" is seen as the second most affordable property type. The dearest property type is "Office" followed by "House". At a price of $336,919 it is 45 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $183 / sq.feet followed by "Condo" priced at $219 / sq.feet. "Duplex" is the most costly type of property with a $437 / sq.feet cost followed by "House" with an average price of $230 / sq.feet.