The prices in real estate in North Bend, in the Washington 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 November, the average price per sq.feet was $283. In the following month the price per sq.feet decreased to $250. The price for the following two months in (January, February) decreased 94 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 84 % 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 $258.5 to $217 during March, and April.
Based upon to the price in North Bend (cities), this has gone downing the last 6 months. The average price for November is $720,118. During December the price had a slight fall till $617,208. In the following two months the average price has remained the same with regard to the previous two months from $668,663 to $670,173. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 86 %, going from $669,418 to $573,323 in March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $570,020 they are 37 % more affordable than the average price for North Bend. The properties with the highest average price have 4 bedrooms, Their price is 43 % more costly than the average. After that we have properties with 3 bedrooms priced at $608,258.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $138 / sq.feet, with an average $221 / sq.feet price in North Bend. The properties with the highest average prices have 2 bedrooms. They are 74 % more expensive than the average followed by properties with 3 bedrooms with a price at $325 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $570,020 it is 31 % cheaper than the average price in North Bend. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Duplex" followed by "House". At a price of $502,535 it is 32 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $182 / sq.feet followed by "Townhouse" priced at $186 / sq.feet. "Condo" is the most costly type of property with a $331 / sq.feet cost followed by "Duplex" with an average price of $286 / sq.feet.