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 October, the average price per sq.feet was $233. In the following month the price per sq.feet increased to $257. In the following two months the price per sq.feet has increased 111 %, going from $245 to $271.5 per sq.feet. The price per sq.feet has increased 114 % 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 $258.25 to $294.5 during February, and March.
Based upon to the price in Lincoln City (cities), this has gone up considerably in the last 6 months. The price in October is $354,744, rising in November till $405,122. During the following two months (December, January) the price has had an average incrementation from $379,933 to $427,196.5. Based on an analysis of the first four prices and the last two months the average price has gone up 110 % 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 $450,188 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 50 % more costly than the average. After that we have properties with 3 bedrooms priced at $416,803.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $126 / sq.feet, with an average $301 / sq.feet price in Lincoln City. The properties with the lowest average prices have 1 bedroom. They are 13 % cheaper than the average followed by properties with 4 bedrooms with a price at $257 / sq.feet.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of $450,188 it is 60 % 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 $366,572 it is 141 % 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 $181 / sq.feet followed by "Farm" priced at $240 / sq.feet. "House" is the most costly type of property with a $406 / sq.feet cost followed by "Condo" with an average price of $318 / sq.feet.