The prices in real estate in Powell Butte, 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 Powell Butte has increased strongly during the last 6 months. In October, the average price per sq.feet was $1,701. In the following month the price per sq.feet decreased considerably to $1,197. The price for the following two months in (December, January) had a considerable increment of 462 %. The price per sq.feet has had a considerable increase of 491 % 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 $4,074.75 to $20,023 during February, and March.
Based upon to the price in Powell Butte (cities), these have remained the same in the last 6 months. The average price during our first sample month during October, is $1,462,086. During November the price went through a considerable rise reaching $1,784,189. During the following two months (December, January) the average price fell 90 % 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 $1,540,245.75 to $1,163,564, which means a 76 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $1,053,631 they are 31 % more affordable than the average price for Powell Butte. The properties with the highest average price have 1 bedroom, Their price is 173 % more costly than the average. After that we have properties with 4 bedrooms priced at $1,732,385.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $486 / sq.feet, with an average $39,514 / sq.feet price in Powell Butte. The properties with the lowest average prices have 1 bedroom. They are 92 % cheaper than the average followed by properties with 2 bedrooms with a price at $560 / sq.feet.
With regard to the average price based upon the property in Powell Butte we can see that most expensive property type is "House" at a price of $1,219,553, 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 $485 / sq.feet. "House" with an average cost of $485 / sq.feet has the lowest price and would be directed at less affluent cities.