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 February, the average price per sq.feet was $1,013. In the following month the price per sq.feet increased to $1,128. The price for the following two months in (April, May) had a considerable increment of 170 %. The price per sq.feet has had a considerable deflation of 83 % 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 $1,446.25 to $1,207.5 during June, and July.
Based upon to the price in South Beach (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during February, is $1,125,727. During March the price went through a considerable rise reaching $1,334,086. During the following two months (April, May) the price has had an average incrementation from $1,229,906.5 to $1,412,152.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 89 %, going from $1,321,029.5 to $1,170,074 in June and July.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,156,728 they are 85 % more affordable than the average price for South Beach. The properties with the lowest average price have 4 bedrooms, Their price is 38 % cheaper than the average. After that we have properties with 2 bedrooms priced at $533,986.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $254 / sq.feet, with an average $1,025 / sq.feet price in South Beach. The properties with the highest average prices have 1 bedroom. They are 214 % more expensive than the average followed by properties with 4 bedrooms with a price at $997 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $1,156,728 it is 64 % 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 $415,940 it is 38 % 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 $172 / sq.feet followed by "Apartment" priced at $174 / sq.feet. "House" is the cheapest type of property with a $997 / sq.feet value followed by "Apartment" with an average price of $174 / sq.feet.