The prices in real estate in Mcminnville, 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 Mcminnville has increased strongly during the last 6 months. In March, the average price per sq.feet was $215. In the following month the price per sq.feet decreased considerably to $182. The price for the following two months in (May, June) had a considerable increment of 461 %. The price per sq.feet has had a considerable increase of 273 % 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 $557.25 to $1,521.5 during July, and August.
Based upon to the price in Mcminnville (cities), this has gone up considerably in the last 6 months. The average price for March is $498,619. During April the price had a considerable reduction till $398,763. During the following two months (May, June) the average price had a considerable increase of 354 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 263 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $1,335,308 they are 80 % more affordable than the average price for Mcminnville. The properties with the lowest average price have 1 bedroom, Their price is 44 % cheaper than the average. After that we have properties with 4 bedrooms priced at $454,855.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $190 / sq.feet, with an average $708 / sq.feet price in Mcminnville. The properties with the highest average prices have 1 bedroom. They are 259 % more expensive than the average followed by properties with 3 bedrooms with a price at $211 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $1,335,308 it is 81 % cheaper than the average price in Mcminnville. "Apartment" is seen as the second most affordable property type. The cheapest type property is "Duplex" followed by "Townhouse". At a price of $422,624 it is 9 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $191 / sq.feet followed by "Townhouse" priced at $200 / sq.feet. "Duplex" is the cheapest type of property with a $457 / sq.feet value followed by "Office" with an average price of $352 / sq.feet.