The prices in real estate in Oakland, in the Michigan 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 April, the average price per sq.feet was $140. In May this price pretty much remained the same at a value of $140 per sq.feet. The price for the following two months in (June, July) had a considerable decrease of 0 with regard to the prior two months. The price per sq.feet has had a considerable increase of 264 % 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 $70 to $185 during August, and September.
Based upon to the price in Oakland (cities), this has gone up in the last 6 months. In our first sample month during April, the average price is $285,816. In May This price remains at $285,816. During the following two months (June, July) the average price had a considerable reduction of 0 % 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 460 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $565,358 they are 69 % more affordable than the average price for Oakland. The properties with the lowest average price have 4 bedrooms, Their price is 26 % cheaper than the average. After that we have properties with 1 bedroom priced at $395,657.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $130 / sq.feet, with an average $172 / sq.feet price in Oakland. The properties with the lowest average prices have 1 bedroom. They are 16 % cheaper than the average followed by properties with 3 bedrooms with a price at $139 / sq.feet.
With regard to the average price based upon the property in Oakland we can see that the cheapest property type is "Apartment" at a price of $395,261, they are 30 % more affordable than the average price of (!PRECIO2!). "Apartment" has the lowest price. This price is 30 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "Apartment with an average price of $144 / sq.feet. "Apartment" with an average cost of $144 / sq.feet has the lowest price and would be directed at less affluent cities.