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 October, the average price per sq.feet was $486. In the following month the price per sq.feet increased considerably to $1,089. The price for the following two months in (December, January) had a considerable increment of 146 %. The price per sq.feet has increased 105 % 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 $968.75 to $1,017.5 during February, and March.
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 October, the average price is $1,265,075. In November This price remains at $1,271,332. During the following two months (December, January) the price has had an average incrementation from $1,268,203.5 to $1,342,314.5. 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 $1,305,259 and $1,296,111 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,309,746 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 $529,726.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $246 / sq.feet, with an average $937 / sq.feet price in South Beach. The properties with the highest average prices have 1 bedroom. They are 240 % more expensive than the average followed by properties with 4 bedrooms with a price at $989 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $1,309,746 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 $412,620 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 $164 / sq.feet followed by "Apartment" priced at $166 / sq.feet. "House" is the most costly type of property with a $989 / sq.feet cost followed by "Apartment" with an average price of $166 / sq.feet.