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 July, the average price per sq.feet was $316. In the following month the price per sq.feet decreased considerably to $252. The price for the following two months in (September, October) had a considerable increment of 726 %. The price per sq.feet has had a considerable increase of 169 % 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 $1,173 to $1,988 during November, and December.
Based upon to the price in South Beach (cities), this has gone up considerably in the last 6 months. The price in July is $548,111, rising in August till $607,556. During the following two months (September, October) the average price had a considerable increase of 202 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 158 % 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 $1,400,439 they are 88 % more affordable than the average price for South Beach. The properties with the lowest average price have 4 bedrooms, Their price is 48 % cheaper than the average. After that we have properties with 2 bedrooms priced at $453,353.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $230 / sq.feet, with an average $2,255 / sq.feet price in South Beach. The properties with the highest average prices have 1 bedroom. They are 43 % more expensive than the average followed by properties with 4 bedrooms with a price at $1,009 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $1,400,439 it is 70 % 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 $418,867 it is 48 % 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 $179 / sq.feet followed by "Apartment" priced at $181 / sq.feet. "House" is the cheapest type of property with a $1,009 / sq.feet value followed by "Apartment" with an average price of $181 / sq.feet.