The prices in real estate in Chippewa Lake, 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 Chippewa Lake has had a strong decrease during the last 6 months. In February, the average price per sq.feet was $117. In March this price pretty much remained the same at a value of $117 per sq.feet. The price for the following two months in (April, May) had a considerable decrease of 50 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 80 % 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 $87.75 to $70 during June, and July.
Based upon to the price in Chippewa Lake (cities), this has fallen considerably in the last 6 months. In our first sample month during February, the average price is $198,263. In March This price remains at $198,563. During the following two months (April, May) the average price had a considerable reduction of 50 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $148,847.25 to $107,978.5, which means a 73 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $215,957 they are 35 % more affordable than the average price for Chippewa Lake. The properties with the lowest average price have 2 bedrooms, Their price is 12 % cheaper than the average. After that we have properties with 1 bedroom priced at $140,933.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $114 / sq.feet, with an average $140 / sq.feet price in Chippewa Lake. The properties with the highest average prices have 1 bedroom. They are 11 % more expensive than the average followed by properties with 2 bedrooms with a price at $114 / sq.feet.
With regard to the average price based upon the property in Chippewa Lake we can see that the cheapest property type is "House" at a price of $191,009, they are 12 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 12 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $114 / sq.feet. "House" with an average cost of $114 / sq.feet has the lowest price and would be directed at less affluent cities.