The prices in real estate in Oakland, in the Florida 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 Oakland has had a strong decrease during the last 6 months. In December, the average price per sq.feet was $170. In the following month the price per sq.feet decreased to $150. The price for the following two months in (February, March) had a considerable decrease of 46 with regard to the prior two months. The price per sq.feet has had a considerable increase of 128 % 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 $116.75 to $149 during April, and May.
Based upon to the price in Oakland (cities), this has fallen considerably in the last 6 months. The average price for December is $383,794. During January the price had a slight fall till $362,943. During the following two months (February, March) the average price had a considerable reduction of 47 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 131 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $373,201 they are 7 % more affordable than the average price for Oakland. The properties with the lowest average price have 2 bedrooms, Their price is 3 % cheaper than the average. After that we have properties with 1 bedroom priced at $348,372.
With regard to the average prices per sq.feet those properties with 1 bedroom are 1 % cheaper than the average price of ($147 / sq.feet) in Oakland. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 1 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "Commercial Property" as the most affordable one. At an cost of $373,201 it is 23 % cheaper than the average price in Oakland. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Commercial Property". At a price of $288,914 it is 3 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial Property" at an average cost of $125 / sq.feet followed by "House" priced at $147 / sq.feet. "House" is the cheapest type of property with a $147 / sq.feet value followed by "Commercial Property" with an average price of $125 / sq.feet.