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 December, the average price per sq.feet was $38. In the following month the price per sq.feet decreased to $35. The price for the following two months in (February, March) had a considerable increment of 195 %. The price per sq.feet has had a considerable increase of 140 % 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 $53.75 to $75.5 during April, and May.
Based upon to the price in Cleveland (cities), this has gone up considerably in the last 6 months. The average price for December is $63,788. During January the price had a slight fall till $57,091. During the following two months (February, March) the average price had a considerable increase of 229 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 145 % 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 $148,998 they are 47 % more affordable than the average price for Cleveland. The properties with the lowest average price have 4 bedrooms, Their price is 16 % cheaper than the average. After that we have properties with 2 bedrooms priced at $118,212.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $23 / sq.feet, with an average $81 / sq.feet price in Cleveland. The properties with the highest average prices have 2 bedrooms. They are 86 % more expensive than the average followed by properties with 3 bedrooms with a price at $42 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $148,998 it is 21 % 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 $150,441 it is 1 % 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 $34 / sq.feet followed by "Apartment" priced at $67 / sq.feet. "Office" is the cheapest type of property with a $72 / sq.feet value followed by "Apartment" with an average price of $67 / sq.feet.