The prices in real estate in South Beach, 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 South Beach has increased strongly during the last 6 months. In November, the average price per sq.feet was $1,318. In the following month the price per sq.feet increased considerably to $2,335. The price for the following two months in (January, February) had a considerable increment of 168 %. The price per sq.feet has had a considerable deflation of 26 % 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 $2,445 to $642.5 during March, and April.
Based upon to the price in South Beach (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is $1,433,240. In December This price remains at $1,445,943. In the following two months the average price has remained the same with regard to the previous two months from $1,439,591.5 to $1,488,503. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 88 %, going from $1,464,047.25 to $1,284,693.5 in 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 $1,300,897 they are 87 % more affordable than the average price for South Beach. The properties with the lowest average price have 4 bedrooms, Their price is 46 % cheaper than the average. After that we have properties with 2 bedrooms priced at $522,874.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $233 / sq.feet, with an average $534 / sq.feet price in South Beach. The properties with the highest average prices have 1 bedroom. They are 486 % more expensive than the average followed by properties with 4 bedrooms with a price at $976 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $1,300,897 it is 69 % cheaper than the average price in South Beach. "Apartment" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Apartment". At a price of $407,282 it is 46 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $151 / sq.feet followed by "Apartment" priced at $153 / sq.feet. "House" is the most costly type of property with a $976 / sq.feet cost followed by "Apartment" with an average price of $153 / sq.feet.