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 July, the average price per sq.feet was $407. In the following month the price per sq.feet decreased considerably to $122. The price for the following two months in (September, October) had a considerable decrease of 47 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 69 % 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 $194.75 to $134.5 during November, and December.
Based upon to the price in La Grande (cities), this has gone up in the last 6 months. The price in July is $208,552, rising in August till $225,076. In the following two months the average price has remained the same with regard to the previous two months from $216,814 to $227,540. Based on an analysis of the first four prices and the last two months the average price has gone up 110 % 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 $250,370 they are 71 % more affordable than the average price for La Grande. The properties with the highest average price have 4 bedrooms, Their price is 25 % more costly than the average. After that we have properties with 3 bedrooms priced at $215,144.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $351 / sq.feet, with an average $137 / sq.feet price in La Grande. The properties with the highest average prices have 1 bedroom. They are 339 % more expensive than the average followed by properties with 3 bedrooms with a price at $485 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $250,370 it is 68 % 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 $150,858 it is 16 % 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 $48 / sq.feet followed by "Farm" priced at $112 / sq.feet. "House" is the most costly type of property with a $1,050 / sq.feet cost followed by "Farm" with an average price of $112 / sq.feet.