The prices in real estate in Eastlake, 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 Eastlake has fallen in the last 6 months. In December, the average price per sq.feet was $92. In January this price pretty much remained the same at a value of $95 per sq.feet. The price for the following two months in (February, March) had a considerable decrease of 48 with regard to the prior two months. The price per sq.feet has had a considerable increase of 149 % 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 $69.25 to $103.5 during April, and May.
Based upon to the price in Eastlake (cities), this has fallen considerably in the last 6 months. In our first sample month during December, the average price is $133,223. In January This price remains at $128,111. During the following two months (February, March) the average price had a considerable reduction of 48 % 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 148 % 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 $148,296 they are 47 % more affordable than the average price for Eastlake. The properties with the lowest average price have 3 bedrooms, Their price is 14 % cheaper than the average. After that we have properties with 1 bedroom priced at $78,876.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $78 / sq.feet, with an average $107 / sq.feet price in Eastlake. The properties with the lowest average prices have 3 bedrooms. They are 14 % cheaper than the average followed by properties with 1 bedroom with a price at $78 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $148,296 it is 47 % cheaper than the average price in Eastlake. "Commercial Property" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $94,789 it is 14 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial Property" at an average cost of $58 / sq.feet followed by "Condo" priced at $61 / sq.feet. "House" is the cheapest type of property with a $92 / sq.feet value followed by "Townhouse" with an average price of $77 / sq.feet.