The prices in real estate in Chagrin Falls, 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 Chagrin Falls has increased strongly during the last 6 months. In October, the average price per sq.feet was $131. In the following month the price per sq.feet increased considerably to $153. The price for the following two months in (December, January) had a considerable increment of 122 %. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $157.75 to $165 during February y March
Based upon to the price in Chagrin Falls (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $514,630. During November the price went through a considerable rise reaching $786,929. During the following two months (December, January) the price has had an average incrementation from $650,779.5 to $714,663.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 87 %, going from $682,721.5 to $592,639.5 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $562,222 they are 17 % more affordable than the average price for Chagrin Falls. The properties with the lowest average price have 1 bedroom, Their price is 17 % cheaper than the average. After that we have properties with 3 bedrooms priced at $464,428.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $136 / sq.feet, with an average $164 / sq.feet price in Chagrin Falls. The properties with the lowest average prices have 1 bedroom. They are 14 % cheaper than the average followed by properties with 3 bedrooms with a price at $136 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $562,222 it is 30 % cheaper than the average price in Chagrin Falls. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of $393,186 it is 17 % 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 $122 / sq.feet followed by "House" priced at $136 / sq.feet. "House" is the cheapest type of property with a $136 / sq.feet value followed by "Townhouse" with an average price of $122 / sq.feet.