Property prices for sale in Newport (Oregon)
The prices in real estate in Newport, 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 Newport has increased during the last 6 months. In October, the average price per sq.feet was $327. In November this price pretty much remained the same at a value of $331 per sq.feet. In the following two months the price per sq.feet has increased 111 %, going from $329 to $364.5 per sq.feet. The price per sq.feet has increased 108 % 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 $346.75 to $373.5 during February, and March.
Based upon to the price in Newport (cities), this has gone up in the last 6 months. The average price during our first sample month during October, is $538,636. During November the price went through a considerable rise reaching $622,694. During the following two months (December, January) the price has had an average incrementation from $580,665 to $610,943. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $595,804 and $612,246.5 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $567,890 they are 50 % more affordable than the average price for Newport. The properties with the highest average price have 4 bedrooms, Their price is 59 % more costly than the average. After that we have properties with 3 bedrooms priced at $783,191.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $310 / sq.feet, with an average $433 / sq.feet price in Newport. The properties with the lowest average prices have 1 bedroom. They are 10 % cheaper than the average followed by properties with 3 bedrooms with a price at $350 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $567,890 it is 50 % cheaper than the average price in Newport. "Land" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $740,668 it is 109 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $262 / sq.feet followed by "Condo" priced at $334 / sq.feet. "Land" is the most costly type of property with a $233,829 / sq.feet cost followed by "House" with an average price of $343 / sq.feet.
