The prices in real estate in Cleveland, in the Ohio region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Cleveland has fallen in the last 6 months. In April, the average price per sq.feet was $95. In May this price pretty much remained the same at a value of $92 per sq.feet. The price for the following two months in (June, July) had a considerable increment of 132 %. The price per sq.feet has had a considerable deflation of 40 % 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 $108.25 to $43 during August, and September.
Based upon to the price in Cleveland (cities), this has fallen considerably in the last 6 months. The average price for April is $163,266. During May the price had a slight fall till $143,156. During the following two months (June, July) the average price had a considerable increase of 119 % 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 $167,538.5 to $70,364.5, which means a 42 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $77,175 they are 15 % more affordable than the average price for Cleveland. The properties with the highest average price have 1 bedroom, Their price is 17 % more costly than the average. After that we have properties with 2 bedrooms priced at $83,283.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $34 / sq.feet, with an average $47 / sq.feet price in Cleveland. The properties with the highest average prices have 1 bedroom. They are 123 % more expensive than the average followed by properties with 2 bedrooms with a price at $69 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $77,175 it is 16 % cheaper than the average price in Cleveland. "Apartment" is seen as the second most affordable property type. The dearest property type is "Office" followed by "Apartment". At a price of $151,654 it is 97 % 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 $47 / sq.feet followed by "Apartment" priced at $75 / sq.feet. "Office" is the most costly type of property with a $80 / sq.feet cost followed by "Apartment" with an average price of $75 / sq.feet.