The prices in real estate in Grove, in the Oklahoma 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 Grove has increased strongly during the last 6 months. In October, the average price per sq.feet was $317. In the following month the price per sq.feet increased considerably to $3,944. The price for the following two months in (December, January) had a considerable increment of 116 %. The price per sq.feet has had a considerable increase of 135 % 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 $2,304.25 to $3,112.5 during February, and March.
Based upon to the price in Grove (cities), this has gone downing the last 6 months. In our first sample month during October, the average price is $372,631. In November This price remains at $380,842. During the following two months (December, January) the average price had a considerable reduction of 84 % 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 $346,564.5 to $290,754, which means a 84 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $294,673 they are 46 % more affordable than the average price for Grove. The properties with the highest average price have 4 bedrooms, Their price is 105 % more costly than the average. After that we have properties with 3 bedrooms priced at $368,955.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $238 / sq.feet, with an average $3,182 / sq.feet price in Grove. The properties with the lowest average prices have 3 bedrooms. They are 69 % cheaper than the average followed by properties with 2 bedrooms with a price at $328 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $294,673 it is 48 % cheaper than the average price in Grove. "Condo" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "House". At a price of $381,901 it is 49 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $202 / sq.feet followed by "Condo" priced at $337 / sq.feet. "Land" is the most costly type of property with a $23,732 / sq.feet cost followed by "House" with an average price of $1,321 / sq.feet.