The prices in real estate in North Bend, in the Oregon region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in North Bend has had a strong decrease during the last 6 months. In February, the average price per sq.feet was $162. In March this price pretty much remained the same at a value of $159 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $160.5 to $158 per sq.feet. The price per sq.feet has had a considerable deflation of 62 % 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 $159.25 to $99.5 during June, and July.
Based upon to the price in North Bend (cities), this has gone up considerably in the last 6 months. In our first sample month during February, the average price is $276,149. In March This price remains at $273,997. During the following two months (April, May) the average price had a considerable increase of 203 % 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 115 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 41 % cheaper than the average price of $247,362 in North Bend. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 41 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 94 % more costly than the average price of ($149 / sq.feet) in North Bend. Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 94 % more costly than the average value aforementioned.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $418,500 it is 53 % cheaper than the average price in North Bend. "Land" is seen as the second most affordable property type. The cheapest type property is "Land" followed by "Duplex". At a price of $194,660 it is 41 % more affordable than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Duplex" at an average cost of $109 / sq.feet followed by "Land" priced at $149 / sq.feet. "Land" is the most costly type of property with a $149 / sq.feet cost followed by "Duplex" with an average price of $109 / sq.feet.