The prices in real estate in Santa Barbara, 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 Santa Barbara has increased during the last 6 months. In November, the average price per sq.feet was $884. In December this price pretty much remained the same at a value of $876 per sq.feet. The price for the following two months in (January, February) had a considerable increment of 137 %. The price per sq.feet has had a considerable deflation of 84 % 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 $1,042.25 to $870.5 during March, and April.
Based upon to the price in Santa Barbara (cities), this has gone downing the last 6 months. The average price for November is $2,560,833. During December the price had a considerable reduction till $2,100,440. During the following two months (January, February) the price has had an average incrementation from $2,330,636.5 to $2,676,774.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 87 %, going from $2,503,705.5 to $2,181,553 in March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $2,192,592 they are 58 % more affordable than the average price for Santa Barbara. The properties with the highest average price have 4 bedrooms, Their price is 29 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,679,172.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $745 / sq.feet, with an average $865 / sq.feet price in Santa Barbara. The properties with the lowest average prices have 1 bedroom. They are 1 % cheaper than the average followed by properties with 4 bedrooms with a price at $821 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $2,192,592 it is 60 % cheaper than the average price in Santa Barbara. "Apartment" is seen as the second most affordable property type. The cheapest type property is "Condo" followed by "Detached House". At a price of $1,977,069 it is 9 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $676 / sq.feet followed by "Apartment" priced at $799 / sq.feet. "Condo" is the most costly type of property with a $1,888 / sq.feet cost followed by "Detached House" with an average price of $1,878 / sq.feet.