The prices in real estate in Prineville, in the Oregon region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Prineville has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $738. In the following month the price per sq.feet decreased considerably to $178. The price for the following two months in (September, October) had a considerable decrease of 39 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 58 % 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 $318.75 to $185 during November, and December.
Based upon to the price in Prineville (cities), this has gone up in the last 6 months. In our first sample month during July, the average price is $308,217. In August This price remains at $314,626. In the following two months the average price has remained the same with regard to the previous two months from $311,421.5 to $319,314.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 117 % 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 $354,284 they are 47 % more affordable than the average price for Prineville. The properties with the highest average price have 4 bedrooms, Their price is 5 % more costly than the average. After that we have properties with 3 bedrooms priced at $319,772.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $158 / sq.feet, with an average $185 / sq.feet price in Prineville. The properties with the highest average prices have 1 bedroom. They are 95 % more expensive than the average followed by properties with 3 bedrooms with a price at $191 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $354,284 it is 79 % cheaper than the average price in Prineville. "House" is seen as the second most affordable property type. The cheapest type property is "Duplex" followed by "House". At a price of $290,615 it is 2 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $173 / sq.feet followed by "Duplex" priced at $199 / sq.feet. "Land" is the most costly type of property with a $646 / sq.feet cost followed by "Duplex" with an average price of $199 / sq.feet.