The prices in real estate in Oakland, in the Michigan region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Oakland has increased strongly during the last 6 months. In October, the average price per sq.feet was $182. In November this price pretty much remained the same at a value of $178 per sq.feet. In the following two months the price per sq.feet has increased 112 %, going from $180 to $201.5 per sq.feet. The price per sq.feet has had a considerable increase of 143 % 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 $190.75 to $273 during February, and March.
Based upon to the price in Oakland (cities), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $727,753. In November This price remains at $692,286. During the following two months (December, January) the price has had an average incrementation from $710,019.5 to $768,721. Based on an analysis of the first four prices and the last two months the average price has risen strongly 135 % 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 $1,083,478 they are 84 % more affordable than the average price for Oakland. The properties with the lowest average price have 4 bedrooms, Their price is 62 % cheaper than the average. After that we have properties with 1 bedroom priced at $388,976.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $113 / sq.feet, with an average $282 / sq.feet price in Oakland. The properties with the lowest average prices have 1 bedroom. They are 55 % cheaper than the average followed by properties with 3 bedrooms with a price at $122 / 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 $388,587, they are 64 % more affordable than the average price of (!PRECIO2!). "Apartment" has the lowest price. This price is 64 % 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 $127 / sq.feet. "Apartment" with an average cost of $127 / sq.feet has the lowest price and would be directed at less affluent cities.