The prices in real estate in Cambridge, in the Ohio 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 Cambridge has increased strongly during the last 6 months. In December, the average price per sq.feet was . In the following month the price per sq.feet increased considerably to $95. The price for the following two months in (February, March) had a considerable increment of 191 %. The price per sq.feet has had a considerable increase of 151 % 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 $69 to $104.5 during April, and May.
Based upon to the price in Cambridge (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during December, is . During January the price went through a considerable rise reaching $233,500. During the following two months (February, March) the average price had a considerable increase of 178 % 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 136 % 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 $214,629 they are 65 % more affordable than the average price for Cambridge. The properties with the highest average price have 4 bedrooms, Their price is 48 % more costly than the average. After that we have properties with 3 bedrooms priced at $215,970.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $69 / sq.feet, with an average $106 / sq.feet price in Cambridge. The properties with the lowest average prices have 4 bedrooms. They are 4 % cheaper than the average followed by properties with 3 bedrooms with a price at $91 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $214,629 it is 63 % cheaper than the average price in Cambridge. "Duplex" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Duplex". At a price of $79,763 it is 12 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $58 / sq.feet followed by "Duplex" priced at $65 / sq.feet. "House" is the most costly type of property with a $121 / sq.feet cost followed by "Duplex" with an average price of $65 / sq.feet.