The prices in real estate in Chesapeake, 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 Chesapeake has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $937. In the following month the price per sq.feet decreased considerably to $143. The price for the following two months in (December, January) had a considerable decrease of 27 with regard to the prior two months. The price per sq.feet has had a considerable increase of 208 % 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 $342.25 to $713.5 during February, and March.
Based upon to the price in Chesapeake (cities), these have remained the same in the last 6 months. The price in October is $196,345, rising in November till $217,914. In the following two months the average price has remained the same with regard to the previous two months from $207,129.5 to $198,488.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 85 %, going from $202,809 to $173,234.5 in February and March.