The prices in real estate in Myrtle Point, 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 Myrtle Point has increased strongly during the last 6 months. In October, the average price per sq.feet was $286. In the following month the price per sq.feet increased considerably to $361. The price for the following two months in (December, January) decreased 85 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 155 % 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 $300 to $466 during February, and March.
Based upon to the price in Myrtle Point (cities), this has gone downing the last 6 months. The average price during our first sample month during October, is $515,975. During November the price went through a considerable rise reaching $653,225. During the following two months (December, January) the average price had a considerable reduction of 70 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $495,930.25 to $409,743, which means a 83 % fall.