The prices in real estate in Euclid, 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 Euclid has increased strongly during the last 6 months. In November, the average price per sq.feet was $58. In the following month the price per sq.feet decreased to $54. The price for the following two months in (January, February) had a considerable increment of 145 %. The price per sq.feet has had a considerable increase of 120 % 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 $68.5 to $82.5 during March, and April.
Based upon to the price in Euclid (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $91,300. During December the price went through a considerable rise reaching $116,200. During the following two months (January, February) the price has had an average incrementation from $103,750 to $115,045. Based on an analysis of the first four prices and the last two months the average price has gone up 110 % 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 $118,701 they are 26 % more affordable than the average price for Euclid. The properties with the highest average price have 4 bedrooms, Their price is 181 % more costly than the average. After that we have properties with 3 bedrooms priced at $175,320.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $60 / sq.feet, with an average $84 / sq.feet price in Euclid. The properties with the highest average prices have 3 bedrooms. They are 5 % more expensive than the average followed by properties with 4 bedrooms with a price at $77 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $118,701 it is 68 % cheaper than the average price in Euclid. "House" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "Condo". At a price of $102,960 it is 34 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $45 / sq.feet followed by "Apartment" priced at $81 / sq.feet. "House" is the most costly type of property with a $268 / sq.feet cost followed by "Townhouse" with an average price of $253 / sq.feet.