The prices in real estate in Aurora, in the Oregon region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Aurora has had a strong decrease during the last 6 months. In December, the average price per sq.feet was $2,135. In the following month the price per sq.feet decreased considerably to $1,511. The price for the following two months in (February, March) had a considerable decrease of 16 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 27 % 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 $1,057.75 to $290.5 during April, and May.
Based upon to the price in Aurora (cities), this has fallen considerably in the last 6 months. The average price for December is $3,840,491. During January the price had a considerable reduction till $2,836,776. During the following two months (February, March) the average price had a considerable reduction of 23 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $2,052,850.75 to $725,292, which means a 35 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,215,129 they are 86 % more affordable than the average price for Aurora. The properties with the lowest average price have 2 bedrooms, Their price is 58 % cheaper than the average. After that we have properties with 1 bedroom priced at $171,045.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $58 / sq.feet, with an average $469 / sq.feet price in Aurora. The properties with the highest average prices have 2 bedrooms. They are 113 % more expensive than the average followed by properties with 1 bedroom with a price at $58 / sq.feet.
The graph displaying the average prices displays the property type "Commercial Property" as the most affordable one. At an cost of $1,215,129 it is 65 % cheaper than the average price in Aurora. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Commercial Property". At a price of $427,220 it is 58 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial Property" at an average cost of $175 / sq.feet followed by "House" priced at $999 / sq.feet. "House" is the most costly type of property with a $999 / sq.feet cost followed by "Commercial Property" with an average price of $175 / sq.feet.