The prices in real estate in Ashtabula, in the Ohio 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 Ashtabula has had a strong decrease during the last 6 months. In September, the average price per sq.feet was $422. In the following month the price per sq.feet decreased considerably to $53. The price for the following two months in (November, December) had a considerable decrease of 27 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 52 % 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 $150.5 to $78.5 during January, and February.
Based upon to the price in Ashtabula (cities), this has gone up considerably in the last 6 months. In our first sample month during September, the average price is $91,876. In October This price remains at $90,196. During the following two months (November, December) the average price had a considerable increase of 120 % 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 gone up 112 % 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 $107,743 they are 24 % more affordable than the average price for Ashtabula. The properties with the highest average price have 4 bedrooms, Their price is 11 % more costly than the average. After that we have properties with 2 bedrooms priced at $106,836.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $65 / sq.feet, with an average $81 / sq.feet price in Ashtabula. The properties with the highest average prices have 4 bedrooms. They are 515 % more expensive than the average followed by properties with 3 bedrooms with a price at $480 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $107,743 it is 59 % cheaper than the average price in Ashtabula. "Farm" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "House". At a price of $112,112 it is 20 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $48 / sq.feet followed by "Land" priced at $58 / sq.feet. "House" is the most costly type of property with a $361 / sq.feet cost followed by "Condo" with an average price of $121 / sq.feet.