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 February, the average price per sq.feet was $2,136. In the following month the price per sq.feet decreased considerably to $1,468. The price for the following two months in (April, May) decreased 95 % with regard to the prior two months. The price per sq.feet has decreased 89 % 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 $1,752.5 to $1,567 during June, and July.
Based upon to the price in Ocean View (cities), this has gone downing the last 6 months. In our first sample month during February, the average price is $387,366. In March This price remains at $369,751. In the following two months the average price has remained the same with regard to the previous two months from $378,558.5 to $362,847. 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 $370,702.75 and $371,889.5 between June and July.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $378,341 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 10 % more costly than the average. After that we have properties with 3 bedrooms priced at $373,484.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $156 / sq.feet, with an average $669 / sq.feet price in Ocean View. The properties with the highest average prices have 2 bedrooms. They are 144 % more expensive than the average followed by properties with 4 bedrooms with a price at $1,125 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $378,341 it is 32 % 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 $362,279 it is 6 % 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 $156 / sq.feet followed by "Land" priced at $569 / sq.feet. "Condo" is the most costly type of property with a $3,553 / sq.feet cost followed by "Land" with an average price of $569 / sq.feet.