The prices in real estate in Oak, in the Nebraska 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 Oak has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $335. In April this price pretty much remained the same at a value of $350 per sq.feet. The price for the following two months in (May, June) had a considerable decrease of 25 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 80 % 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 $213.75 to $170.5 during July, and August.
Based upon to the price in Oak (cities), this has fallen considerably in the last 6 months. The price in March is $687,917, rising in April till $787,274. During the following two months (May, June) the average price had a considerable reduction of 21 % 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 $446,451 to $331,900, which means a 74 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $311,800 they are 61 % more affordable than the average price for Oak. The properties with the highest average price have 4 bedrooms, Their price is 61 % more costly than the average. After that we have properties with 3 bedrooms priced at $332,764.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $137 / sq.feet, with an average $168 / sq.feet price in Oak. The properties with the highest average prices have 4 bedrooms. They are 17 % more expensive than the average followed by properties with 3 bedrooms with a price at $194 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $311,800 it is 48 % cheaper than the average price in Oak. "Commercial" is seen as the second most affordable property type. The dearest property type is "House" followed by "Commercial". At a price of $264,375 it is 32 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $86 / sq.feet followed by "Condo" priced at $141 / sq.feet. "House" is the most costly type of property with a $191 / sq.feet cost followed by "Condo" with an average price of $141 / sq.feet.