Property prices for sale in Salem (Oregon)
The prices in real estate in Salem, 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 Salem has increased strongly during the last 6 months. In November, the average price per sq.feet was $203. In the following month the price per sq.feet increased considerably to $362. In the following two months the price per sq.feet has barely changed, going from $282.5 to $273.5 per sq.feet. The price per sq.feet has had a considerable increase of 278 % 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 $278 to $771.5 during March, and April.
Based upon to the price in Salem (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is $509,440. In December This price remains at $489,655. In the following two months the average price has remained the same with regard to the previous two months from $499,547.5 to $502,577.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $501,062.5 and $485,004.5 between March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $500,828 they are 39 % more affordable than the average price for Salem. The properties with the highest average price have 4 bedrooms, Their price is 12 % more costly than the average. After that we have properties with 3 bedrooms priced at $465,491.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $212 / sq.feet, with an average $214 / sq.feet price in Salem. The properties with the highest average prices have 1 bedroom. They are 60 % more expensive than the average followed by properties with 2 bedrooms with a price at $253 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $500,828 it is 52 % cheaper than the average price in Salem. "Farm" is seen as the second most affordable property type. The dearest property type is "Land" followed by "House". At a price of $494,214 it is 108 % 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 $113 / sq.feet followed by "Condo" priced at $187 / sq.feet. "Land" is the most costly type of property with a $90,806 / sq.feet cost followed by "House" with an average price of $206 / sq.feet.
