The prices in real estate in Medford, 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 Medford has had a strong decrease during the last 6 months. In June, the average price per sq.feet was $767. In the following month the price per sq.feet decreased considerably to $648. The price for the following two months in (August, September) had a considerable increment of 132 %. The price per sq.feet has had a considerable deflation of 20 % 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 $819 to $167.5 during October, and November.
Based upon to the price in Medford (cities), these have remained the same in the last 6 months. The average price for June is $357,165. During July the price had a slight fall till $336,621. In the following two months the average price has remained the same with regard to the previous two months from $346,893 to $361,618. 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 2 bedrooms are the cheapest ones. At a price of $470,083 they are 61 % more affordable than the average price for Medford. The properties with the highest average price have 1 bedroom, Their price is 96 % more costly than the average. After that we have properties with 4 bedrooms priced at $527,591.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $200 / sq.feet, with an average $202 / sq.feet price in Medford. The properties with the highest average prices have 4 bedrooms. They are 972 % more expensive than the average followed by properties with 1 bedroom with a price at $1,207 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $470,083 it is 56 % cheaper than the average price in Medford. "Detached House" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "Commercial". At a price of $352,195 it is 3 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $173 / sq.feet followed by "Detached House" priced at $874 / sq.feet. "Apartment" is the most costly type of property with a $3,280 / sq.feet cost followed by "Land" with an average price of $1,368 / sq.feet.