The prices in real estate in Madras, 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 Madras has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $643. In May this price pretty much remained the same at a value of $616 per sq.feet. The price for the following two months in (June, July) had a considerable decrease of 66 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 $521.75 to $387.5 during August, and September.
Based upon to the price in Madras (cities), these have remained the same in the last 6 months. In our first sample month during April, the average price is $244,050. In May This price remains at $239,584. In the following two months the average price has remained the same with regard to the previous two months from $241,817 to $230,670. 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 $236,243.5 and $242,885.5 between August and September.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $265,148 they are 2 % more affordable than the average price for Madras. The properties with the lowest average price have 1 bedroom, Their price is 1 % cheaper than the average. After that we have properties with 4 bedrooms priced at $261,055.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $144 / sq.feet, with an average $372 / sq.feet price in Madras. The properties with the lowest average prices have 1 bedroom. They are 60 % cheaper than the average followed by properties with 4 bedrooms with a price at $144 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $265,148 it is 2 % cheaper than the average price in Madras. "Multi Family House" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "Multi Family House". At a price of $295,485 it is 13 % more expensive 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 $125 / sq.feet followed by "Townhouse" priced at $137 / sq.feet. "House" is the cheapest type of property with a $144 / sq.feet value followed by "Townhouse" with an average price of $137 / sq.feet.