The prices in real estate in Cleveland, 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 Cleveland has increased strongly during the last 6 months. In February, the average price per sq.feet was $70. In March this price pretty much remained the same at a value of $72 per sq.feet. In the following two months the price per sq.feet has increased 106 %, going from $71 to $75.5 per sq.feet. The price per sq.feet has had a considerable increase of 132 % 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 $73.25 to $97 during June, and July.
Based upon to the price in Cleveland (cities), this has gone up considerably in the last 6 months. In our first sample month during February, the average price is $137,537. In March This price remains at $139,768. In the following two months the average price has remained the same with regard to the previous two months from $138,652.5 to $144,084. Based on an analysis of the first four prices and the last two months the average price has risen strongly 150 % 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 $198,094 they are 61 % more affordable than the average price for Cleveland. The properties with the highest average price have 4 bedrooms, Their price is 37 % more costly than the average. After that we have properties with 3 bedrooms priced at $242,016.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $59 / sq.feet, with an average $115 / sq.feet price in Cleveland. The properties with the highest average prices have 3 bedrooms. They are 4 % more expensive than the average followed by properties with 4 bedrooms with a price at $96 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $198,094 it is 30 % cheaper than the average price in Cleveland. "Apartment" is seen as the second most affordable property type. The cheapest type property is "Office" followed by "Apartment". At a price of $150,139 it is 24 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $58 / sq.feet followed by "Apartment" priced at $65 / sq.feet. "Office" is the cheapest type of property with a $70 / sq.feet value followed by "Apartment" with an average price of $65 / sq.feet.