The prices in real estate in Bandon, 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 Bandon has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $9,850. In the following month the price per sq.feet decreased to $8,521. The price for the following two months in (January, February) had a considerable decrease of 6 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 8 % 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 $4,850.5 to $407.5 during March, and April.
Based upon to the price in Bandon (cities), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $1,694,500. In December This price remains at $1,676,143. During the following two months (January, February) the average price had a considerable reduction of 66 % 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 $1,402,584.5 to $878,563.5, which means a 63 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $839,358 they are 61 % more affordable than the average price for Bandon. The properties with the lowest average price have 1 bedroom, Their price is 9 % cheaper than the average. After that we have properties with 2 bedrooms priced at $366,775.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $117 / sq.feet, with an average $380 / sq.feet price in Bandon. The properties with the highest average prices have 1 bedroom. They are 38 % more expensive than the average followed by properties with 2 bedrooms with a price at $216 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $839,358 it is 64 % cheaper than the average price in Bandon. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of $304,638 it is 53 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $150 / sq.feet followed by "House" priced at $202 / sq.feet. "House" is the cheapest type of property with a $202 / sq.feet value followed by "Townhouse" with an average price of $150 / sq.feet.