The prices in real estate in Cannon Beach, 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 Cannon Beach has had a strong decrease during the last 6 months. In May, the average price per sq.feet was $794. In June this price pretty much remained the same at a value of $805 per sq.feet. The price for the following two months in (July, August) had a considerable decrease of 54 with regard to the prior two months. The price per sq.feet has increased 114 % 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 $617.5 to $703 during September, and October.
Based upon to the price in Cannon Beach (cities), this has fallen considerably in the last 6 months. The price in May is $2,307,100, rising in June till $2,644,282. During the following two months (July, August) the average price had a considerable reduction of 35 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 87 %, going from $1,665,202.25 to $1,456,872.5 in September and October.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $1,287,189 they are 74 % more affordable than the average price for Cannon Beach. The properties with the highest average price have 4 bedrooms, Their price is 22 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,487,398.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $245 / sq.feet, with an average $671 / sq.feet price in Cannon Beach. The properties with the lowest average prices have 1 bedroom. They are 8 % cheaper than the average followed by properties with 3 bedrooms with a price at $561 / sq.feet.
With regard to the average price based upon the property in Cannon Beach we can see that the cheapest property type is "House" at a price of $851,783, they are 34 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 34 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $433 / sq.feet. "House" with an average cost of $433 / sq.feet has the lowest price and would be directed at less affluent cities.