The prices in real estate in Oakland, 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 Oakland has had a strong decrease during the last 6 months. In June, the average price per sq.feet was $631. In the following month the price per sq.feet decreased considerably to $404. The price for the following two months in (August, September) had a considerable decrease of 60 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 64 % 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 $414 to $266.5 during October, and November.
Based upon to the price in Oakland (cities), this has fallen considerably in the last 6 months. The price in June is $1,198,333, rising in July till $1,331,656. During the following two months (August, September) the average price had a considerable reduction of 55 % 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 $981,934.75 to $595,693, which means a 61 % fall.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 0 % cheaper than the average price of $618,408 in Oakland. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 0 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 29 % cheaper than the average price of ($215 / sq.feet) in Oakland. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 29 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $619,978 it is 48 % cheaper than the average price in Oakland. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Apartment". At a price of $319,457 it is 0 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $131 / sq.feet followed by "House" priced at $215 / sq.feet. "House" is the cheapest type of property with a $215 / sq.feet value followed by "Apartment" with an average price of $131 / sq.feet.