The prices in real estate in Oakridge, 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 Oakridge has increased strongly during the last 6 months. In October, the average price per sq.feet was $179. In the following month the price per sq.feet decreased to $164. In the following two months the price per sq.feet has increased 113 %, going from $171.5 to $194 per sq.feet. The price per sq.feet has had a considerable increase of 141 % 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 $182.75 to $257 during February, and March.
Based upon to the price in Oakridge (cities), this has gone up considerably in the last 6 months. The price in October is $276,396, rising in November till $316,108. During the following two months (December, January) the price has had an average incrementation from $296,252 to $323,109.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 162 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $673,860 they are 65 % more affordable than the average price for Oakridge. The properties with the lowest average price have 3 bedrooms, Their price is 59 % cheaper than the average. After that we have properties with 1 bedroom priced at $250,992.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $122 / sq.feet, with an average $298 / sq.feet price in Oakridge. The properties with the lowest average prices have 2 bedrooms. They are 38 % cheaper than the average followed by properties with 3 bedrooms with a price at $170 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $673,860 it is 75 % cheaper than the average price in Oakridge. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $169,107 it is 59 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $88 / sq.feet followed by "House" priced at $170 / sq.feet. "House" is the cheapest type of property with a $170 / sq.feet value followed by "Condo" with an average price of $88 / sq.feet.