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 June, the average price per sq.feet was $362. In the following month the price per sq.feet decreased considerably to $238. The price for the following two months in (August, September) had a considerable increment of 286 %. The price per sq.feet has had a considerable deflation of 30 % 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 $578.75 to $174 during October, and November.
Based upon to the price in Salem (cities), these have remained the same in the last 6 months. In our first sample month during June, the average price is $388,430. In July This price remains at $383,110. During the following two months (August, September) the price has had an average incrementation from $385,770 to $420,552. 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 $403,161 and $388,130.5 between October and November.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $369,091 they are 7 % more affordable than the average price for Salem. The properties with the highest average price have 1 bedroom, Their price is 828 % more costly than the average. After that we have properties with 4 bedrooms priced at $556,161.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the most costly ones at a cost of $193 / sq.feet, with an average $183 / sq.feet price in Salem. The properties with the highest average prices have 1 bedroom. They are 2105 % more expensive than the average followed by properties with 2 bedrooms with a price at $339 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $369,091 it is 7 % 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 $353,673 it is 37 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $151 / sq.feet followed by "Farm" priced at $154 / sq.feet. "House" is the most costly type of property with a $205 / sq.feet cost followed by "Farm" with an average price of $154 / sq.feet.