The prices in real estate in Edmond, in the Oklahoma region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Edmond has had a strong decrease during the last 6 months. In August, the average price per sq.feet was $1,169. In the following month the price per sq.feet increased considerably to $1,612. The price for the following two months in (October, November) had a considerable decrease of 8 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 19 % 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 $753.25 to $145 during December, and January.
Based upon to the price in Edmond (cities), this has gone up in the last 6 months. The price in August is $363,727, rising in September till $386,899. In the following two months the average price has remained the same with regard to the previous two months from $375,313 to $365,835. Based on an analysis of the first four prices and the last two months the average price has risen strongly 129 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $508,515 they are 56 % more affordable than the average price for Edmond. The properties with the lowest average price have 4 bedrooms, Their price is 23 % cheaper than the average. After that we have properties with 1 bedroom priced at $317,649.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $123 / sq.feet, with an average $151 / sq.feet price in Edmond. The properties with the highest average prices have 4 bedrooms. They are 1326 % more expensive than the average followed by properties with 1 bedroom with a price at $231 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $508,515 it is 70 % cheaper than the average price in Edmond. "House" is seen as the second most affordable property type. The cheapest type property is "Farm" followed by "Apartment". At a price of $361,526 it is 12 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $44 / sq.feet followed by "Condo" priced at $55 / sq.feet. "Apartment" is the most costly type of property with a $1,724 / sq.feet cost followed by "House" with an average price of $666 / sq.feet.