The rent prices in real estate in Bend, in the Oregon region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Bend has had a strong fall during the last 6 months. In November, the average price per sq.feet was $3.22. In the following month the price per sq.feet fell considerably to $1.45. The price for the following two months in (January, February) had a considerable fall of 69 with regard to the previous two months. The price per sq.feet has had a considerable fall of 82 % 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 $1.98 to $1.62 during March, and April.
When referring to the price in Bend (cities), this has risen considerably in the last 6 months. The average price during our first sample month during November, is $1,250. During December the price went through a considerable rise reaching $1,927. During the following two months (January, February) the average price had a considerable rise of 118 % 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 increased 106 % during the last two months.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $1,787 they are 19 % more affordable than the average price for Bend . The properties with the highest average price have 4 bedrooms, Their price is 58 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,993.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.13 / sq.feet, with an average $1.55 / sq.feet price in Bend. The properties with the most expensive average prices have 1 bedroom. They are 58 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.75 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,787 it is 62 % more affordable than the average price in Bend. "Condo" is seen as the second most affordable property type. The most expensive property type is "Commercial" followed by "House". At a price of $1,569 it is 17 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Commercial" at an average price of $1.46 / sq.feet followed by "House" priced at $1.66 / sq.feet. "Condo" is the most expensive type of property with a $1.99 / sq.feet value followed by "House" with an average price of $1.66 / sq.feet.