The prices in real estate in Moore, 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 Moore has had a strong decrease during the last 6 months. In February, the average price per sq.feet was $135. In March this price pretty much remained the same at a value of $136 per sq.feet. The price for the following two months in (April, May) had a considerable decrease of 71 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 74 % 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 $115.75 to $85.5 during June, and July.
Based upon to the price in Moore (cities), this has fallen considerably in the last 6 months. In our first sample month during February, the average price is $268,052. In March This price remains at $271,564. During the following two months (April, May) 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 $248,350.25 to $169,580.5, which means a 68 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $171,745 they are 29 % more affordable than the average price for Moore. The properties with the highest average price have 4 bedrooms, Their price is 43 % more costly than the average. After that we have properties with 2 bedrooms priced at $166,828.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $32 / sq.feet, with an average $68 / sq.feet price in Moore. The properties with the highest average prices have 4 bedrooms. They are 275 % more expensive than the average followed by properties with 1 bedroom with a price at $110 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $171,745 it is 40 % cheaper than the average price in Moore. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Land". At a price of $103,529 it is 2 % more affordable than the average price.
According to the average cost per sq.feet, the most expensive property type would be "House" at an average cost of $128 / sq.feet followed by "Land" priced at $1,505 / sq.feet. "Land" is the most costly type of property with a $1,505 / sq.feet cost followed by "House" with an average price of $128 / sq.feet.