Property prices for sale in Lincoln City (Oregon)
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 October, the average price per sq.feet was $621. In the following month the price per sq.feet decreased considerably to $434. The price for the following two months in (December, January) had a considerable decrease of 71 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 74 % 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 $452.25 to $336.5 during February, and March.
Based upon to the price in Lincoln City (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $575,378. In November This price remains at $557,128. In the following two months the average price has remained the same with regard to the previous two months from $566,253 to $572,907.5. 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 $569,580.25 and $575,088 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $546,837 they are 51 % more affordable than the average price for Lincoln City. The properties with the highest average price have 4 bedrooms, Their price is 53 % more costly than the average. After that we have properties with 3 bedrooms priced at $588,638.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $281 / sq.feet, with an average $341 / sq.feet price in Lincoln City. The properties with the highest average prices have 1 bedroom. They are 24 % more expensive than the average followed by properties with 4 bedrooms with a price at $401 / sq.feet.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of $546,837 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 "Townhouse". At a price of $531,725 it is 8 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $204 / sq.feet followed by "Townhouse" priced at $319 / sq.feet. "Land" is the most costly type of property with a $33,868 / sq.feet cost followed by "Condo" with an average price of $457 / sq.feet.
