The prices in real estate in Rockaway Beach, 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 Rockaway Beach has had a strong decrease during the last 6 months. In December, the average price per sq.feet was $243. In January this price pretty much remained the same at a value of $237 per sq.feet. The price for the following two months in (February, March) had a considerable decrease of 52 with regard to the prior two months. The price per sq.feet has had a considerable increase of 131 % 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 $182.25 to $239.5 during April, and May.
Based upon to the price in Rockaway Beach (cities), this has fallen considerably in the last 6 months. The average price for December is $331,710. During January the price had a slight fall till $312,844. During the following two months (February, March) the average price had a considerable reduction of 49 % 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 145 % 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 $332,512 they are 27 % more affordable than the average price for Rockaway Beach. The properties with the highest average price have 4 bedrooms, Their price is 65 % more costly than the average. After that we have properties with 3 bedrooms priced at $302,500.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $226 / sq.feet, with an average $238 / sq.feet price in Rockaway Beach. The properties with the highest average prices have 1 bedroom. They are 55 % more expensive than the average followed by properties with 4 bedrooms with a price at $246 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $332,512 it is 6 % cheaper than the average price in Rockaway Beach. "Commercial" is seen as the second most affordable property type. The cheapest type property is "Commercial" followed by "House". At a price of $311,905 it is 3 % 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 $234 / sq.feet followed by "Commercial" priced at $235 / sq.feet. "Commercial" is the cheapest type of property with a $235 / sq.feet value followed by "House" with an average price of $234 / sq.feet.