The prices in real estate in South Beach, in the Oregon region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in South Beach has had a strong decrease during the last 6 months. In June, the average price per sq.feet was $1,390. In the following month the price per sq.feet decreased considerably to $1,025. The price for the following two months in (August, September) had a considerable decrease of 42 with regard to the prior two months. The price per sq.feet has decreased 92 % 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 $860.25 to $787.5 during October, and November.
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 June, the average price is $1,183,420. In July This price remains at $1,156,728. In the following two months the average price has remained the same with regard to the previous two months from $1,170,074 to $1,167,604.5. Based on an analysis of the first four prices and the last two months the average price has gone up 109 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,271,332 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 44 % cheaper than the average. After that we have properties with 2 bedrooms priced at $531,852.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $250 / sq.feet, with an average $1,089 / sq.feet price in South Beach. The properties with the highest average prices have 1 bedroom. They are 194 % more expensive than the average followed by properties with 4 bedrooms with a price at $993 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $1,271,332 it is 67 % 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 $414,277 it is 44 % 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 $168 / sq.feet followed by "Apartment" priced at $170 / sq.feet. "House" is the cheapest type of property with a $993 / sq.feet value followed by "Apartment" with an average price of $170 / sq.feet.