The prices in real estate in Columbus, 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 Columbus has increased strongly during the last 6 months. In January, the average price per sq.feet was $111. In the following month the price per sq.feet increased to $120. In the following two months the price per sq.feet has increased 109 %, going from $115.5 to $125.5 per sq.feet. The price per sq.feet has had a considerable increase of 117 % 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 $120.5 to $140.5 during May, and June.
Based upon to the price in Columbus (cities), this has gone up considerably in the last 6 months. The price in January is $177,651, rising in February till $196,159. During the following two months (March, April) the price has had an average incrementation from $186,905 to $202,783.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 163 % 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 $426,686 they are 68 % more affordable than the average price for Columbus. The properties with the highest average price have 4 bedrooms, Their price is 12 % more costly than the average. After that we have properties with 3 bedrooms priced at $364,817.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $108 / sq.feet, with an average $179 / sq.feet price in Columbus. The properties with the highest average prices have 2 bedrooms. They are 13 % more expensive than the average followed by properties with 3 bedrooms with a price at $161 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $426,686 it is 55 % cheaper than the average price in Columbus. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $355,068 it is 11 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $113 / sq.feet followed by "House" priced at $154 / sq.feet. "Commercial" is the most costly type of property with a $1,988 / sq.feet cost followed by "Condo" with an average price of $228 / sq.feet.