The prices in real estate in Lincoln City, in the Oregon region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Lincoln City has increased during the last 6 months. In July, the average price per sq.feet was $220. In the following month the price per sq.feet increased to $235. In the following two months the price per sq.feet has barely changed, going from $227.5 to $238.5 per sq.feet. The price per sq.feet has increased 107 % 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 $233 to $249 during November, and December.
Based upon to the price in Lincoln City (cities), this has gone up in the last 6 months. The price in July is $383,692, rising in August till $409,369. During the following two months (September, October) the price has had an average incrementation from $396,530.5 to $432,590. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $414,560.25 and $425,185.5 between November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $394,762 they are 21 % more affordable than the average price for Lincoln City. The properties with the highest average price have 4 bedrooms, Their price is 21 % more costly than the average. After that we have properties with 3 bedrooms priced at $412,201.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $206 / sq.feet, with an average $259 / sq.feet price in Lincoln City. The properties with the highest average prices have 1 bedroom. They are 58 % more expensive than the average followed by properties with 2 bedrooms with a price at $314 / sq.feet.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of $394,762 it is 54 % cheaper than the average price in Lincoln City. "Commercial" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $396,160 it is 78 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $196 / sq.feet followed by "Condo" priced at $232 / sq.feet. "House" is the most costly type of property with a $274 / sq.feet cost followed by "Farm" with an average price of $255 / sq.feet.