The prices in real estate in Molalla, 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 Molalla has increased strongly during the last 6 months. In February, the average price per sq.feet was $209. In March this price pretty much remained the same at a value of $213 per sq.feet. The price for the following two months in (April, May) had a considerable increment of 119 %. The price per sq.feet has increased 113 % 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 $231.25 to $261 during June, and July.
Based upon to the price in Molalla (cities), this has gone up considerably in the last 6 months. In our first sample month during February, the average price is $345,116. In March This price remains at $355,378. During the following two months (April, May) the price has had an average incrementation from $350,247 to $388,487.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 116 % 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 $442,558 they are 20 % more affordable than the average price for Molalla. The properties with the highest average price have 4 bedrooms, Their price is 71 % more costly than the average. After that we have properties with 1 bedroom priced at $537,557.
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 $247 / sq.feet price in Molalla. The properties with the highest average prices have 1 bedroom. They are 284 % more expensive than the average followed by properties with 4 bedrooms with a price at $251 / sq.feet.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of $442,558 it is 17 % cheaper than the average price in Molalla. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Farm". At a price of $367,173 it is 7 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $189 / sq.feet followed by "House" priced at $255 / sq.feet. "House" is the most costly type of property with a $255 / sq.feet cost followed by "Farm" with an average price of $189 / sq.feet.