The prices in real estate in Central Point, 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 Central Point has increased strongly during the last 6 months. In April, the average price per sq.feet was $185. In May this price pretty much remained the same at a value of $192 per sq.feet. The price for the following two months in (June, July) had a considerable increment of 246 %. The price per sq.feet has had a considerable deflation of 47 % 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 $326.25 to $154 during August, and September.
Based upon to the price in Central Point (cities), this has gone up considerably in the last 6 months. In our first sample month during April, the average price is $379,289. In May This price remains at $384,870. During the following two months (June, July) the average price had a considerable increase of 267 % 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 $700,923.25 to $475,262, which means a 68 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the most costly ones. At a price of $243,645 they are 37 % more expensive than the average price for Central Point. Following this ranking we find those properties with 1 at an average price of $385,357. The properties with the highest average price have 1 bedroom, Their price is 58 % more costly than the average. After that we have properties with 4 bedrooms priced at $333,450.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $128 / sq.feet, with an average $127 / sq.feet price in Central Point. The properties with the highest average prices have 1 bedroom. They are 60 % more expensive than the average followed by properties with 4 bedrooms with a price at $128 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $243,645 it is 28 % cheaper than the average price in Central Point. "Land" is seen as the second most affordable property type. The dearest property type is "Land" followed by "House". At a price of $175,671 it is 57 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $69 / sq.feet followed by "Land" priced at $198 / sq.feet. "Land" is the most costly type of property with a $198 / sq.feet cost followed by "House" with an average price of $69 / sq.feet.