The prices in real estate in Salem, in the Oregon region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Salem has increased during the last 6 months. In November, the average price per sq.feet was $183. In the following month the price per sq.feet increased to $197. In the following two months the price per sq.feet has increased 108 %, going from $190 to $205 per sq.feet. 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 $197.5 to $221.5 during March, and April.
Based upon to the price in Salem (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $369,091. During December the price went through a considerable rise reaching $476,701. During the following two months (January, February) the price has had an average incrementation from $422,896 to $477,465.5. During the last two months the average price has had a strong fall compared to the previous four going from $450,180.75 to $376,622, which means a 84 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $377,151 they are 39 % more affordable than the average price for Salem. The properties with the highest average price have 1 bedroom, Their price is 767 % more costly than the average. After that we have properties with 4 bedrooms priced at $469,582.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $210 / sq.feet, with an average $222 / sq.feet price in Salem. The properties with the highest average prices have 1 bedroom. They are 3576 % more expensive than the average followed by properties with 3 bedrooms with a price at $232 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $377,151 it is 21 % cheaper than the average price in Salem. "Farm" is seen as the second most affordable property type. The dearest property type is "House" followed by "Farm". At a price of $351,906 it is 58 % 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 "Condo" priced at $177 / sq.feet. "House" is the most costly type of property with a $250 / sq.feet cost followed by "Condo" with an average price of $177 / sq.feet.