The prices in real estate in Ocean View, in the Delaware 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 Ocean View has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $669. In the following month the price per sq.feet increased considerably to $865. The price for the following two months in (September, October) had a considerable decrease of 61 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 31 % 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 $617.25 to $188.5 during November, and December.
Based upon to the price in Ocean View (cities), this has gone up in the last 6 months. In our first sample month during July, the average price is $378,341. In August This price remains at $392,478. During the following two months (September, October) the price has had an average incrementation from $385,409.5 to $422,016.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $403,713 and $396,621.5 between November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $379,729 they are 33 % more affordable than the average price for Ocean View. The properties with the highest average price have 1 bedroom, Their price is 9 % more costly than the average. After that we have properties with 3 bedrooms priced at $371,618.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $151 / sq.feet, with an average $188 / sq.feet price in Ocean View. The properties with the highest average prices have 2 bedrooms. They are 764 % more expensive than the average followed by properties with 4 bedrooms with a price at $1,115 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $379,729 it is 33 % cheaper than the average price in Ocean View. "Land" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $360,469 it is 5 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $151 / sq.feet followed by "Land" priced at $564 / sq.feet. "Condo" is the most costly type of property with a $3,533 / sq.feet cost followed by "Land" with an average price of $564 / sq.feet.