The prices in real estate in Molalla, in the Oregon region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Molalla has fallen in the last 6 months. In May, the average price per sq.feet was $284. In June this price pretty much remained the same at a value of $275 per sq.feet. The price for the following two months in (July, August) decreased 89 % with regard to the prior two months. The price per sq.feet has increased 106 % 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 $264.25 to $280.5 during September, and October.
Based upon to the price in Molalla (cities), this has gone up considerably in the last 6 months. The average price for May is $460,682. During June the price had a slight fall till $416,903. During the following two months (July, August) the average price had a considerable increase of 123 % 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 123 % 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 $503,717 they are 30 % more affordable than the average price for Molalla. The properties with the highest average price have 4 bedrooms, Their price is 50 % more costly than the average. After that we have properties with 1 bedroom priced at $535,944.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $197 / sq.feet, with an average $275 / sq.feet price in Molalla. The properties with the highest average prices have 1 bedroom. They are 244 % more expensive than the average followed by properties with 4 bedrooms with a price at $248 / sq.feet.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of $503,717 it is 27 % 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 $366,071 it is 6 % 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 $186 / sq.feet followed by "House" priced at $252 / sq.feet. "House" is the cheapest type of property with a $252 / sq.feet value followed by "Farm" with an average price of $186 / sq.feet.