The rent prices in real estate in Gervais, 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 Gervais has had a strong fall during the last 6 months. In March, the average price per sq.feet was $1.57. In the following month the price per sq.feet fell considerably to $1. The price for the following two months in (May, June) had a considerable fall of 78 with regard to the previous two months. The price per sq.feet has risen 109 % 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 $1.14 to $1.25 during July, and August.
When referring to the price in Gervais (cities), this has risen considerably in the last 6 months. The average price during our first sample month during March, is $1,550. During April the price went through a considerable rise reaching $2,186. During the following two months (May, June) the average price had a considerable rise of 117 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $2,027 to $1,677.5, which means a 83 % fall.