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 November, the average price per sq.feet was $417. In the following month the price per sq.feet decreased considerably to $304. In the following two months the price per sq.feet has barely changed, going from $360.5 to $361 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $360.75 to $368 during March y April
Based upon to the price in Lincoln City (cities), this has fallen considerably in the last 6 months. The average price for November is $748,955. During December the price had a considerable reduction till $467,187. During the following two months (January, February) the average price fell 90 % with regard to the previous two months. 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 $578,371 and $582,658.5 between March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $562,605 they are 44 % more affordable than the average price for Lincoln City. The properties with the highest average price have 4 bedrooms, Their price is 47 % more costly than the average. After that we have properties with 3 bedrooms priced at $577,855.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $341 / sq.feet, with an average $366 / sq.feet price in Lincoln City. The properties with the highest average prices have 1 bedroom. They are 31 % more expensive than the average followed by properties with 2 bedrooms with a price at $414 / sq.feet.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of $562,605 it is 68 % cheaper than the average price in Lincoln City. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Duplex". At a price of $361,828 it is 1 % 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 $168 / sq.feet followed by "Farm" priced at $227 / sq.feet. "House" is the cheapest type of property with a $359 / sq.feet value followed by "Condo" with an average price of $333 / sq.feet.