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 April, the average price per sq.feet was $70. In the following month the price per sq.feet increased considerably to $81. The price for the following two months in (June, July) had a considerable increment of 128 %. The price per sq.feet has decreased 92 % 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 $86.25 to $79 during August, and September.
Based upon to the price in Cleveland (cities), this has gone up considerably in the last 6 months. The price in April is $139,170, rising in May till $148,998. During the following two months (June, July) the average price had a considerable increase of 147 % 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 $177,898.5 to $149,751, which means a 84 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $147,136 they are 44 % more affordable than the average price for Cleveland. The properties with the highest average price have 3 bedrooms, Their price is 52 % more costly than the average. After that we have properties with 4 bedrooms priced at $198,024.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $61 / sq.feet, with an average $69 / sq.feet price in Cleveland. The properties with the highest average prices have 3 bedrooms. They are 55 % more expensive than the average followed by properties with 2 bedrooms with a price at $91 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $147,136 it is 12 % cheaper than the average price in Cleveland. "Apartment" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "Condo". At a price of $293,094 it is 186 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $59 / sq.feet followed by "Apartment" priced at $63 / sq.feet. "Townhouse" is the most costly type of property with a $229 / sq.feet cost followed by "Condo" with an average price of $200 / sq.feet.