The prices in real estate in Maple Heights, in the Ohio 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 Maple Heights has had a strong decrease during the last 6 months. In May, the average price per sq.feet was $306. In the following month the price per sq.feet decreased considerably to $195. The price for the following two months in (July, August) had a considerable decrease of 24 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 37 % 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 $155.75 to $57.5 during September, and October.
Based upon to the price in Maple Heights (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during May, is $76,300. During June the price went through a considerable rise reaching $574,617. During the following two months (July, August) the average price had a considerable reduction of 25 % 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 $203,849.75 to $80,707.5, which means a 40 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $80,688 they are 20 % more affordable than the average price for Maple Heights. The properties with the highest average price have 3 bedrooms, Their price is 48 % more costly than the average. After that we have properties with 2 bedrooms priced at $86,116.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $36 / sq.feet, with an average $57 / sq.feet price in Maple Heights. The properties with the highest average prices have 3 bedrooms. They are 51 % more expensive than the average followed by properties with 2 bedrooms with a price at $58 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $80,688 it is 61 % cheaper than the average price in Maple Heights. "House" is seen as the second most affordable property type. The cheapest type property is "Duplex" followed by "House". At a price of $64,921 it is 6 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $16 / sq.feet followed by "House" priced at $36 / sq.feet. "Duplex" is the most costly type of property with a $410 / sq.feet cost followed by "House" with an average price of $36 / sq.feet.