The prices in real estate in Newport, 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 Newport has increased strongly during the last 6 months. In November, the average price per sq.feet was $198. In December this price pretty much remained the same at a value of $189 per sq.feet. The price for the following two months in (January, February) had a considerable increment of 123 %. The price per sq.feet has had a considerable increase of 151 % 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 $216 to $326.5 during March, and April.
Based upon to the price in Newport (cities), this has gone up considerably in the last 6 months. In our first sample month during November, the average price is $333,492. In December This price remains at $339,469. During the following two months (January, February) the average price had a considerable increase of 142 % 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 134 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $523,042 they are 43 % more affordable than the average price for Newport. The properties with the highest average price have 4 bedrooms, Their price is 39 % more costly than the average. After that we have properties with 3 bedrooms priced at $672,350.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $266 / sq.feet, with an average $322 / sq.feet price in Newport. The properties with the highest average prices have 1 bedroom. They are 17 % more expensive than the average followed by properties with 3 bedrooms with a price at $319 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $523,042 it is 73 % cheaper than the average price in Newport. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $261,225 it is 8 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $63 / sq.feet followed by "Condo" priced at $311 / sq.feet. "House" is the cheapest type of property with a $321 / sq.feet value followed by "Condo" with an average price of $311 / sq.feet.