The prices in real estate in Oconomowoc, in the Wisconsin region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Oconomowoc has increased strongly during the last 6 months. In May, the average price per sq.feet was $188. In June this price pretty much remained the same at a value of $196 per sq.feet. The price for the following two months in (July, August) had a considerable increment of 160 %. The price per sq.feet has had a considerable deflation of 78 % 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 $249.75 to $194 during September, and October.
Based upon to the price in Oconomowoc (cities), these have remained the same in the last 6 months. In our first sample month during May, the average price is $401,439. In June This price remains at $387,886. During the following two months (July, August) the price has had an average incrementation from $394,662.5 to $442,782.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from $418,722.5 to $389,265.5 in September and October.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $385,782 they are 12 % more affordable than the average price for Oconomowoc. The properties with the highest average price have 4 bedrooms, Their price is 9 % more costly than the average. After that we have properties with 3 bedrooms priced at $376,503.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $150 / sq.feet, with an average $196 / sq.feet price in Oconomowoc. The properties with the highest average prices have 2 bedrooms. They are 11 % more expensive than the average followed by properties with 3 bedrooms with a price at $193 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $385,782 it is 3 % cheaper than the average price in Oconomowoc. "Land" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Land". At a price of $395,033 it is 4 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $180 / sq.feet followed by "House" priced at $184 / sq.feet. "Commercial" is the most costly type of property with a $214 / sq.feet cost followed by "House" with an average price of $184 / sq.feet.