The prices in real estate in La Grande, 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 La Grande has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $4,665. In December this price pretty much remained the same at a value of $4,679 per sq.feet. The price for the following two months in (January, February) had a considerable decrease of 4 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 8 % 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 $2,434.25 to $202 during March, and April.
Based upon to the price in La Grande (cities), this has fallen considerably in the last 6 months. The average price for November is $638,000. During December the price had a slight fall till $581,780. During the following two months (January, February) the average price had a considerable reduction of 55 % 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 $471,860.75 to $387,209, which means a 82 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $362,273 they are 80 % more affordable than the average price for La Grande. The properties with the lowest average price have 4 bedrooms, Their price is 16 % cheaper than the average. After that we have properties with 3 bedrooms priced at $210,450.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $324 / sq.feet, with an average $187 / sq.feet price in La Grande. The properties with the highest average prices have 1 bedroom. They are 212 % more expensive than the average followed by properties with 3 bedrooms with a price at $463 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $362,273 it is 78 % cheaper than the average price in La Grande. "House" is seen as the second most affordable property type. The cheapest type property is "Farm" followed by "House". At a price of $146,824 it is 43 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $21 / sq.feet followed by "Farm" priced at $85 / sq.feet. "House" is the most costly type of property with a $998 / sq.feet cost followed by "Farm" with an average price of $85 / sq.feet.