The prices in real estate in Grants Pass, 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 Grants Pass has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $584. In the following month the price per sq.feet decreased considerably to $267. The price for the following two months in (September, October) had a considerable decrease of 45 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 68 % 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 $309 to $210 during November, and December.
Based upon to the price in Grants Pass (cities), these have remained the same in the last 6 months. The average price for July is $443,843. During August the price had a slight fall till $386,221. During the following two months (September, October) the price has had an average incrementation from $415,032 to $456,976.5. Based on an analysis of the first four prices and the last two months the average price has gone up 105 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $488,761 they are 60 % more affordable than the average price for Grants Pass. The properties with the highest average price have 4 bedrooms, Their price is 21 % more costly than the average. After that we have properties with 2 bedrooms priced at $571,460.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $203 / sq.feet, with an average $224 / sq.feet price in Grants Pass. The properties with the highest average prices have 2 bedrooms. They are 48 % more expensive than the average followed by properties with 1 bedroom with a price at $240 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $488,761 it is 69 % cheaper than the average price in Grants Pass. "Office" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "Commercial". At a price of $757,809 it is 152 % 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 $196 / sq.feet followed by "Land" priced at $345 / sq.feet. "Office" is the most costly type of property with a $15,821 / sq.feet cost followed by "Townhouse" with an average price of $589 / sq.feet.