The prices in real estate in Oakwood, in the Illinois 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 Oakwood has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $122. In December this price pretty much remained the same at a value of $116 per sq.feet. The price for the following two months in (January, February) decreased 92 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 79 % 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 $114 to $89.5 during March, and April.
Based upon to the price in Oakwood (cities), this has gone downing the last 6 months. The price in November is $289,890, rising in December till $324,150. In the following two months the average price has remained the same with regard to the previous two months from $307,020 to $303,345. During the last two months the average price has had a strong fall compared to the previous four going from $305,182.5 to $176,852.5, which means a 58 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $171,169 they are 48 % more affordable than the average price for Oakwood. The properties with the highest average price have 4 bedrooms, Their price is 209 % more costly than the average. After that we have properties with 3 bedrooms priced at $219,663.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $68 / sq.feet, with an average $91 / sq.feet price in Oakwood. The properties with the highest average prices have 4 bedrooms. They are 65 % more expensive than the average followed by properties with 1 bedroom with a price at $110 / sq.feet.
With regard to the average price based upon the property in Oakwood we can see that most expensive property type is "House" at a price of $194,613, they are 14 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 14 % more expensive than the average price aforementioned.
According to the average area price by sq.feet the most costly property type is "House with an average price of $101 / sq.feet. "House" at an average price of $101 / sq.feet has the most expensive price and would be directed at more affluent cities.