The prices in real estate in Galloway, 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 Galloway has increased strongly during the last 6 months. In October, the average price per sq.feet was $149. In the following month the price per sq.feet increased considerably to $2,113. The price for the following two months in (December, January) had a considerable decrease of 78 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 15 % 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 $1,004.75 to $148.5 during February, and March.
Based upon to the price in Galloway (cities), this has gone up considerably in the last 6 months. The price in October is $248,331, rising in November till $283,649. During the following two months (December, January) the average price had a considerable increase of 261 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $479,480.5 to $255,320.5, which means a 53 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $230,905 they are 9 % more affordable than the average price for Galloway. The properties with the highest average price have 4 bedrooms, Their price is 39 % more costly than the average. After that we have properties with 2 bedrooms priced at $238,582.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $89 / sq.feet, with an average $139 / sq.feet price in Galloway. The properties with the highest average prices have 1 bedroom. They are 53 % more expensive than the average followed by properties with 2 bedrooms with a price at $153 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $230,905 it is 32 % cheaper than the average price in Galloway. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $198,472 it is 4 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $81 / sq.feet followed by "Condo" priced at $130 / sq.feet. "House" is the most costly type of property with a $141 / sq.feet cost followed by "Condo" with an average price of $130 / sq.feet.