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 February, the average price per sq.feet was $197. In the following month the price per sq.feet decreased considerably to . The price for the following two months in (April, May) had a considerable increment of 194 %. The price per sq.feet has had a considerable increase of 127 % 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 $144.75 to $183.5 during June, and July.
Based upon to the price in Oakland (cities), this has fallen considerably in the last 6 months. The average price for February is $748,598. During March the price had a considerable reduction till . During the following two months (April, May) the average price had a considerable increase of 198 % 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 118 % 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 $680,604 they are 74 % more affordable than the average price for Oakland. The properties with the lowest average price have 4 bedrooms, Their price is 39 % cheaper than the average. After that we have properties with 1 bedroom priced at $392,106.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $121 / sq.feet, with an average $186 / sq.feet price in Oakland. The properties with the lowest average prices have 1 bedroom. They are 27 % cheaper than the average followed by properties with 3 bedrooms with a price at $130 / 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 $391,713, they are 42 % more affordable than the average price of (!PRECIO2!). "Apartment" has the lowest price. This price is 42 % 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 $135 / sq.feet. "Apartment" with an average cost of $135 / sq.feet has the lowest price and would be directed at less affluent cities.