Banning CA Home Values are on the Rise

By
Real Estate Broker/Owner with Garrigus Real Estate CalBRE# 01844442/01844441

Banning CA REALTORS know that the Banning CA real estate market has stabilized and Banning CA home values are on the rise. This is great news for Banning home owners looking to increase their equity and sell their homes for a profit.

In the recent two years we have seen Banning home values stabilize from the market crash that began in 2007 and 2008. Now, with real estate inventory so low in the Banning area, buyers are fighting over and over-bidding on reasonably priced homes on the market.

In a "normal" real estate market, there is typically about six months of inventory on the market at any given time, but in today's Banning real estate market we are seeing only one to two months of inventory at any given time. In fact, homes are actually selling, or going into contract, within hours of being listed publicly!

If you are considering selling your Banning home or real estate and you're wondering what a good list price and value would be, call or contact us and we will provide you with a professional comparative market analysis of value.

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Call Now: (888) 9-List-It.

That's (888) 954-7848.

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Below is a quick chart of Banning CA Average Sales Prices by Month for the past four years:

Banning CA Average Sales Price by Month (4yr)

 

 

 Sale Price, AverageMonth20092010201120122013

Jan $128,613 $102,481 $103,477 $105,161 $141,476
Feb $110,919 $126,942 $115,993 $106,734 $122,895
Mar $101,544 $131,690 $137,425 $108,853 $153,426
Apr $118,614 $115,757 $126,297 $125,788 $145,753
May $114,223 $152,569 $122,201 $129,015 $167,967
Jun $116,356 $137,940 $119,965 $129,909  
Jul $103,623 $115,940 $136,146 $120,136  
Aug $115,729 $137,727 $110,354 $125,934  
Sep $104,364 $122,241 $121,361 $145,036  
Oct $115,434 $130,019 $134,199 $171,926  
Nov $118,707 $131,104 $111,818 $147,956  
Dec $128,501 $127,723 $119,701 $144,258  

 

 

Posted by

Todd & Devona Garrigus

Broker / REALTORS®

951.490.3698 | Direct for Todd
951.490.3683 | Direct for Devona

www.GarrigusRealEstate.com
CalBRE# 01844442/01844441

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