Property prices for sale in Otis (Oregon)
The prices in real estate in Otis, 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 Otis has increased strongly during the last 6 months. In November, the average price per sq.feet was $357. In the following month the price per sq.feet increased considerably to $15,695. The price for the following two months in (January, February) had a considerable decrease of 4 with regard to the prior two months. The price per sq.feet has had a considerable increase of 240 % 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 $4,180 to $10,032.5 during March, and April.
Based upon to the price in Otis (cities), this has gone downing the last 6 months. The average price for November is $738,329. During December the price had a slight fall till $628,454. In the following two months the average price has remained the same with regard to the previous two months from $683,391.5 to $698,032. During the last two months the average price has had a strong fall compared to the previous four going from $690,711.75 to $558,175, which means a 81 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $572,501 they are 57 % more affordable than the average price for Otis. The properties with the highest average price have 4 bedrooms, Their price is 76 % more costly than the average. After that we have properties with 3 bedrooms priced at $560,278.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $180 / sq.feet, with an average $9,030 / sq.feet price in Otis. The properties with the lowest average prices have 3 bedrooms. They are 96 % cheaper than the average followed by properties with 4 bedrooms with a price at $337 / sq.feet.
With regard to the average price based upon the property in Otis we can see that most expensive property type is "House" at a price of $663,025, they are 16 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 16 % more expensive than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $326 / sq.feet. "House" with an average cost of $326 / sq.feet has the lowest price and would be directed at less affluent cities.
