The prices in real estate in La Grande, 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 La Grande has increased strongly during the last 6 months. In March, the average price per sq.feet was $125. In the following month the price per sq.feet increased to $136. The price for the following two months in (May, June) decreased 92 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 379 % 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 $125.5 to $476 during July, and August.
Based upon to the price in La Grande (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during March, is $219,598. During April the price went through a considerable rise reaching $272,524. In the following two months the average price has remained the same with regard to the previous two months from $246,061 to $237,713.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 524 % 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 $2,222,082 they are 97 % more affordable than the average price for La Grande. The properties with the lowest average price have 4 bedrooms, Their price is 86 % cheaper than the average. After that we have properties with 3 bedrooms priced at $213,425.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $343 / sq.feet, with an average $831 / sq.feet price in La Grande. The properties with the lowest average prices have 1 bedroom. They are 29 % cheaper than the average followed by properties with 3 bedrooms with a price at $477 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $2,222,082 it is 96 % 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 $149,652 it is 91 % 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 $40 / sq.feet followed by "Farm" priced at $104 / sq.feet. "House" is the most costly type of property with a $1,034 / sq.feet cost followed by "Farm" with an average price of $104 / sq.feet.