The prices in real estate in Salem, in the Oregon region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Salem has remained the same in the last 6 months. In January, the average price per sq.feet was $176. In February this price pretty much remained the same at a value of $177 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $176.5 to $176.5 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $176.5 to $184 during May y June
Based upon to the price in Salem (cities), this has gone downing the last 6 months. The average price for January is $361,556. During February the price had a slight fall till $318,441. During the following two months (March, April) the average price fell 93 % 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 gone up 112 % 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 $370,893 they are 59 % more affordable than the average price for Salem. The properties with the highest average price have 4 bedrooms, Their price is 9 % more costly than the average. After that we have properties with 3 bedrooms priced at $334,903.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $168 / sq.feet, with an average $185 / sq.feet price in Salem. The properties with the highest average prices have 1 bedroom. They are 90 % more expensive than the average followed by properties with 2 bedrooms with a price at $202 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $370,893 it is 13 % cheaper than the average price in Salem. "Duplex" is seen as the second most affordable property type. The cheapest type property is "Farm" followed by "Office". At a price of $358,857 it is 3 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $153 / sq.feet followed by "House" priced at $158 / sq.feet. "Office" is the cheapest type of property with a $184 / sq.feet value followed by "Farm" with an average price of $171 / sq.feet.