Property prices for sale in Lincoln City (Oregon)
The prices in real estate in Lincoln City, 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 Lincoln City has increased strongly during the last 6 months. In March, the average price per sq.feet was $379. In April this price pretty much remained the same at a value of $367 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $373 to $382 per sq.feet. The price per sq.feet has had a considerable increase of 140 % 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 $377.5 to $529.5 during July, and August.
Based upon to the price in Lincoln City (cities), these have remained the same in the last 6 months. The average price for March is $638,344. During April the price had a slight fall till $596,445. During the following two months (May, June) the price has had an average incrementation from $617,394.5 to $651,385. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 90 %, going from $634,389.75 to $568,730.5 in July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $568,706 they are 40 % more affordable than the average price for Lincoln City. The properties with the highest average price have 4 bedrooms, Their price is 50 % more costly than the average. After that we have properties with 3 bedrooms priced at $583,002.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $248 / sq.feet, with an average $532 / sq.feet price in Lincoln City. The properties with the highest average prices have 4 bedrooms. They are 341 % more expensive than the average followed by properties with 1 bedroom with a price at $457 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $568,706 it is 70 % 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 "Detached House". At a price of $505,180 it is 15 % 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 $81 / sq.feet followed by "Farm" priced at $211 / sq.feet. "Land" is the most costly type of property with a $799 / sq.feet cost followed by "House" with an average price of $490 / sq.feet.
