The prices in real estate in Portland, in the Oregon region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Portland has remained the same in the last 6 months. In May, the average price per sq.feet was $295. In June this price pretty much remained the same at a value of $305 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $300 to $299.5 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $299.75 to $302.5 during September y October
Based upon to the price in Portland (cities), this has fallen considerably in the last 6 months. The average price during our first sample month during May, is $862,938. During June the price went through a considerable rise reaching $1,021,542. During the following two months (July, August) the average price had a considerable reduction of 60 % 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 $751,748.5 to $561,159, which means a 75 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $554,596 they are 40 % more affordable than the average price for Portland. The properties with the highest average price have 4 bedrooms, Their price is 33 % more costly than the average. After that we have properties with 3 bedrooms priced at $587,318.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $261 / sq.feet, with an average $293 / sq.feet price in Portland. The properties with the highest average prices have 1 bedroom. They are 27 % more expensive than the average followed by properties with 2 bedrooms with a price at $330 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $554,596 it is 19 % cheaper than the average price in Portland. "Detached House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Detached House". At a price of $529,832 it is 14 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $256 / sq.feet followed by "House" priced at $269 / sq.feet. "Condo" is the most costly type of property with a $366 / sq.feet cost followed by "House" with an average price of $269 / sq.feet.