The prices in real estate in Rainier, 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 Rainier has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $197. In the following month the price per sq.feet decreased considerably to $123. The price for the following two months in (May, June) had a considerable decrease of 0 with regard to the prior two months. The price per sq.feet has had a considerable increase of 193 % 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 $80 to $154.5 during July, and August.
Based upon to the price in Rainier (cities), this has fallen considerably in the last 6 months. In our first sample month during March, the average price is $360,610. In April This price remains at $366,633. During the following two months (May, June) the average price had a considerable reduction of 0 % 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 160 % 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 $269,560 they are 38 % more affordable than the average price for Rainier. The properties with the highest average price have 4 bedrooms, Their price is 24 % more costly than the average. After that we have properties with 3 bedrooms priced at $308,413.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $138 / sq.feet, with an average $149 / sq.feet price in Rainier. The properties with the highest average prices have 1 bedroom. They are 15 % more expensive than the average followed by properties with 2 bedrooms with a price at $152 / sq.feet.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of $269,560 it is 43 % cheaper than the average price in Rainier. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $264,558 it is 25 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $149 / sq.feet followed by "Townhouse" priced at $154 / sq.feet. "House" is the most costly type of property with a $167 / sq.feet cost followed by "Townhouse" with an average price of $154 / sq.feet.