The prices in real estate in Bend, 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 Bend has increased strongly during the last 6 months. In October, the average price per sq.feet was $279. In November this price pretty much remained the same at a value of $288 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $283.5 to $287 per sq.feet. The price per sq.feet has had a considerable increase of 330 % 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 $285.25 to $942 during February, and March.
Based upon to the price in Bend (cities), this has gone up in the last 6 months. The price in October is $632,379, rising in November till $692,380. During the following two months (December, January) the price has had an average incrementation from $662,379.5 to $708,990.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 92 %, going from $685,685 to $632,225.5 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $648,758 they are 56 % more affordable than the average price for Bend. The properties with the highest average price have 4 bedrooms, Their price is 16 % more costly than the average. After that we have properties with 3 bedrooms priced at $591,845.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $237 / sq.feet, with an average $936 / sq.feet price in Bend. The properties with the lowest average prices have 1 bedroom. They are 49 % cheaper than the average followed by properties with 2 bedrooms with a price at $372 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $648,758 it is 5 % cheaper than the average price in Bend. "House" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Townhouse". At a price of $867,667 it is 173 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $276 / sq.feet followed by "Townhouse" priced at $310 / sq.feet. "Commercial" is the most costly type of property with a $16,691 / sq.feet cost followed by "House" with an average price of $1,539 / sq.feet.