The prices in real estate in Portland, in the Oregon region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Portland has increased during the last 6 months. In December, the average price per sq.feet was $267. In the following month the price per sq.feet increased to $306. In the following two months the price per sq.feet has barely changed, going from $286.5 to $282.5 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 $284.5 to $272.5 during April y May
Based upon to the price in Portland (cities), this has gone up in the last 6 months. The average price for December is $534,777. During January the price had a slight fall till $495,523. In the following two months the average price has remained the same with regard to the previous two months from $515,150 to $503,807.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 136 % 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 $862,938 they are 72 % more affordable than the average price for Portland. The properties with the lowest average price have 4 bedrooms, Their price is 22 % cheaper than the average. After that we have properties with 3 bedrooms priced at $429,322.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $219 / sq.feet, with an average $295 / sq.feet price in Portland. The properties with the highest average prices have 1 bedroom. They are 206 % more expensive than the average followed by properties with 4 bedrooms with a price at $301 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $862,938 it is 52 % 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 $532,491 it is 10 % 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 $261 / sq.feet followed by "House" priced at $293 / sq.feet. "Condo" is the most costly type of property with a $399 / sq.feet cost followed by "House" with an average price of $293 / sq.feet.