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 June, the average price per sq.feet was $2,465. In the following month the price per sq.feet decreased considerably to $669. The price for the following two months in (August, September) had a considerable decrease of 51 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 16 % 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 $1,184.25 to $193 during October, and November.
Based upon to the price in Ocean View (cities), this has gone up in the last 6 months. In our first sample month during June, the average price is $365,438. In July This price remains at $378,341. During the following two months (August, September) the price has had an average incrementation from $371,889.5 to $403,503.5. Based on an analysis of the first four prices and the last two months the average price has gone up 109 % 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 $413,514 they are 39 % more affordable than the average price for Ocean View. The properties with the lowest average price have 1 bedroom, Their price is 0 % cheaper than the average. After that we have properties with 3 bedrooms priced at $371,990.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $152 / sq.feet, with an average $189 / sq.feet price in Ocean View. The properties with the highest average prices have 2 bedrooms. They are 761 % more expensive than the average followed by properties with 4 bedrooms with a price at $1,117 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $413,514 it is 38 % cheaper than the average price in Ocean View. "Land" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Land". At a price of $360,830 it is 4 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $152 / sq.feet followed by "Land" priced at $565 / sq.feet. "Condo" is the most costly type of property with a $3,537 / sq.feet cost followed by "Land" with an average price of $565 / sq.feet.