The prices in real estate in Banks, in the Oregon region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Banks has increased strongly during the last 6 months. In November, the average price per sq.feet was $382. In December this price pretty much remained the same at a value of $387 per sq.feet. The price for the following two months in (January, February) decreased 91 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 993 % 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 $366.5 to $3,640.5 during March, and April.
Based upon to the price in Banks (cities), this has gone downing the last 6 months. The average price for November is $947,806. During December the price had a slight fall till $819,137. During the following two months (January, February) the price has had an average incrementation from $883,471.5 to $954,550. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 89 %, going from $919,010.75 to $818,017.5 in March and April.