The prices in real estate in Broken Bow, in the Oklahoma 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 Broken Bow has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $1,315. In the following month the price per sq.feet decreased considerably to $203. The price for the following two months in (December, January) had a considerable decrease of 24 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 54 % 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 $469.75 to $253 during February, and March.
Based upon to the price in Broken Bow (cities), these have remained the same in the last 6 months. The average price for October is $516,943. During November the price had a considerable reduction till $419,915. In the following two months the average price has remained the same with regard to the previous two months from $468,429 to $465,709. Based on an analysis of the first four prices and the last two months the average price has risen strongly 137 % 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 $674,406 they are 52 % more affordable than the average price for Broken Bow. The properties with the lowest average price have 4 bedrooms, Their price is 14 % cheaper than the average. After that we have properties with 2 bedrooms priced at $386,201.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the most costly ones at a cost of $2,693 / sq.feet, with an average $268 / sq.feet price in Broken Bow. The properties with the highest average prices have 1 bedroom. They are 1105 % more expensive than the average followed by properties with 4 bedrooms with a price at $2,984 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $674,406 it is 71 % cheaper than the average price in Broken Bow. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Land". At a price of $193,283 it is 26 % more affordable than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Land" at an average cost of $395 / sq.feet followed by "House" priced at $3,214 / sq.feet. "House" is the most costly type of property with a $3,214 / sq.feet cost followed by "Land" with an average price of $395 / sq.feet.