The prices in real estate in Otter Rock, 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 Otter Rock has increased strongly during the last 6 months. In November, the average price per sq.feet was . In the following month the price per sq.feet increased considerably to $1,067. The price for the following two months in (January, February) had a considerable decrease of 8 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 70 % 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 $287.75 to $200 during March, and April.
Based upon to the price in Otter Rock (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is . During December the price went through a considerable rise reaching $491,857. During the following two months (January, February) the average price had a considerable reduction of 16 % 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 303 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $390,518 they are 87 % more affordable than the average price for Otter Rock. Based on the bedrooms values, properties with the highest prices are those with 3 bedrooms. They are 111 % more expensive than the average aforementioned.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $52 / sq.feet, with an average $217 / sq.feet price in Otter Rock. Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 2 bedrooms. They are 64 % more costly than the average value aforementioned.