The prices in real estate in Cleveland, in the Ohio region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Cleveland has increased during the last 6 months. In August, the average price per sq.feet was $39. In the following month the price per sq.feet increased considerably to $47. The price for the following two months in (October, November) had a considerable increment of 116 %. The price per sq.feet has had a considerable deflation of 78 % 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 $46.5 to $36.5 during December, and January.
Based upon to the price in Cleveland (cities), this has gone up in the last 6 months. The average price during our first sample month during August, is $63,554. During September the price went through a considerable rise reaching $77,175. During the following two months (October, November) the average price had a considerable increase of 117 % 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 $76,400 to $60,439.5, which means a 79 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $57,091 they are 22 % more affordable than the average price for Cleveland. The properties with the highest average price have 1 bedroom, Their price is 10 % more costly than the average. After that we have properties with 3 bedrooms priced at $54,953.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $30 / sq.feet, with an average $35 / sq.feet price in Cleveland. The properties with the highest average prices have 1 bedroom. They are 83 % more expensive than the average followed by properties with 2 bedrooms with a price at $46 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most costly one. At an cost of $57,091 it is 0 % more expensive than the average price in Cleveland. "Land" is seen as the second dearest property type. The dearest property type is "Office" followed by "Apartment". At a price of $151,046 it is 166 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $7 / sq.feet followed by "House" priced at $42 / sq.feet. "Office" is the most costly type of property with a $76 / sq.feet cost followed by "Apartment" with an average price of $71 / sq.feet.