The prices in real estate in Rainier, 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 Rainier has increased strongly during the last 6 months. In November, the average price per sq.feet was $134. In the following month the price per sq.feet increased considerably to $164. The price for the following two months in (January, February) had a considerable increment of 134 %. The price per sq.feet has increased 112 % 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 $174.25 to $195 during March, and April.
Based upon to the price in Rainier (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $220,967. During December the price went through a considerable rise reaching $358,422. During the following two months (January, February) the average price had a considerable increase of 142 % 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 120 % 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 $327,329 they are 49 % more affordable than the average price for Rainier. The properties with the highest average price have 4 bedrooms, Their price is 1 % more costly than the average. After that we have properties with 3 bedrooms priced at $305,950.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $130 / sq.feet, with an average $170 / sq.feet price in Rainier. The properties with the lowest average prices have 1 bedroom. They are 4 % cheaper than the average followed by properties with 2 bedrooms with a price at $144 / sq.feet.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of $327,329 it is 53 % 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 $262,445 it is 2 % 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 $141 / sq.feet followed by "Townhouse" priced at $146 / sq.feet. "House" is the cheapest type of property with a $159 / sq.feet value followed by "Townhouse" with an average price of $146 / sq.feet.