The prices in real estate in Molalla, in the Oregon region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Molalla has increased during the last 6 months. In October, the average price per sq.feet was $275. In the following month the price per sq.feet increased considerably to $330. The price for the following two months in (December, January) had a considerable increment of 117 %. The price per sq.feet has had a considerable deflation of 80 % 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 $327.5 to $263 during February, and March.
Based upon to the price in Molalla (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $503,717. During November the price went through a considerable rise reaching $622,612. During the following two months (December, January) the average price had a considerable increase of 118 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 90 %, going from $612,919.5 to $548,994.5 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $542,594 they are 35 % more affordable than the average price for Molalla. The properties with the highest average price have 4 bedrooms, Their price is 38 % more costly than the average. After that we have properties with 1 bedroom priced at $533,268.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $192 / sq.feet, with an average $259 / sq.feet price in Molalla. The properties with the highest average prices have 1 bedroom. They are 263 % more expensive than the average followed by properties with 4 bedrooms with a price at $243 / sq.feet.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of $542,594 it is 33 % cheaper than the average price in Molalla. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Farm". At a price of $364,242 it is 13 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $181 / sq.feet followed by "House" priced at $247 / sq.feet. "House" is the cheapest type of property with a $247 / sq.feet value followed by "Farm" with an average price of $181 / sq.feet.