The prices in real estate in Madras, 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 Madras has increased strongly during the last 6 months. In February, the average price per sq.feet was $200. In March this price pretty much remained the same at a value of $203 per sq.feet. In the following two months the price per sq.feet has increased 111 %, going from $201.5 to $223.5 per sq.feet. The price per sq.feet has had a considerable increase of 135 % 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 $212.5 to $287 during June, and July.
Based upon to the price in Madras (cities), this has gone up in the last 6 months. In our first sample month during February, the average price is $345,240. In March This price remains at $357,033. During the following two months (April, May) the price has had an average incrementation from $351,136.5 to $371,709. Based on an analysis of the first four prices and the last two months the average price has gone up 113 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $440,060 they are 41 % more affordable than the average price for Madras. The properties with the lowest average price have 1 bedroom, Their price is 41 % cheaper than the average. After that we have properties with 4 bedrooms priced at $258,451.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $134 / sq.feet, with an average $332 / sq.feet price in Madras. The properties with the lowest average prices have 1 bedroom. They are 58 % cheaper than the average followed by properties with 4 bedrooms with a price at $134 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $440,060 it is 41 % cheaper than the average price in Madras. "Multi Family House" is seen as the second most affordable property type. The cheapest type property is "Townhouse" followed by "Multi Family House". At a price of $292,538 it is 33 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Multi Family House" at an average cost of $115 / sq.feet followed by "Townhouse" priced at $127 / sq.feet. "House" is the cheapest type of property with a $134 / sq.feet value followed by "Townhouse" with an average price of $127 / sq.feet.