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 November, the average price per sq.feet was $124. In the following month the price per sq.feet increased considerably to $251. The price for the following two months in (January, February) had a considerable increment of 135 %. The price per sq.feet has had a considerable deflation of 84 % 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 $220.5 to $184.5 during March, and April.
Based upon to the price in Central Point (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $258,797. During December the price went through a considerable rise reaching $513,529. During the following two months (January, February) the price has had an average incrementation from $386,163 to $428,526.5. During the last two months the average price has had a strong fall compared to the previous four going from $407,344.75 to $333,658.5, which means a 82 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $335,472 they are 1 % more affordable than the average price for Central Point. The properties with the highest average price have 1 bedroom, Their price is 14 % more costly than the average. After that we have properties with 4 bedrooms priced at $331,119.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $121 / sq.feet, with an average $187 / sq.feet price in Central Point. The properties with the highest average prices have 1 bedroom. They are 5 % more expensive than the average followed by properties with 4 bedrooms with a price at $121 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $335,472 it is 48 % 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 $174,442 it is 13 % 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 $62 / sq.feet followed by "Land" priced at $191 / sq.feet. "Land" is the most costly type of property with a $191 / sq.feet cost followed by "House" with an average price of $62 / sq.feet.