The prices in real estate in Lincoln City, 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 Lincoln City has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $938. In the following month the price per sq.feet decreased to $798. The price for the following two months in (June, July) had a considerable decrease of 62 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 78 % 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 $702.75 to $545 during August, and September.
Based upon to the price in Lincoln City (cities), this has gone up in the last 6 months. The price in April is $311,337, rising in May till $331,025. In the following two months the average price has remained the same with regard to the previous two months from $321,181 to $309,713.5. Based on an analysis of the first four prices and the last two months the average price has gone up 112 % 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 $345,198 they are 26 % more affordable than the average price for Lincoln City. The properties with the highest average price have 4 bedrooms, Their price is 82 % more costly than the average. After that we have properties with 3 bedrooms priced at $424,580.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $127 / sq.feet, with an average $284 / sq.feet price in Lincoln City. The properties with the highest average prices have 4 bedrooms. They are 400 % more expensive than the average followed by properties with 3 bedrooms with a price at $712 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $345,198 it is 66 % cheaper than the average price in Lincoln City. "Farm" is seen as the second most affordable property type. The dearest property type is "House" followed by "Duplex". At a price of $368,782 it is 43 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $187 / sq.feet followed by "House" priced at $206 / sq.feet. "Land" is the most costly type of property with a $536 / sq.feet cost followed by "Condo" with an average price of $329 / sq.feet.