The prices in real estate in Oldsmar, in the Florida 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 Oldsmar has had a strong decrease during the last 6 months. In August, the average price per sq.feet was $484. In the following month the price per sq.feet decreased considerably to $167. The price for the following two months in (October, November) had a considerable decrease of 53 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 70 % 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 $249.25 to $175 during December, and January.
Based upon to the price in Oldsmar (cities), this has fallen considerably in the last 6 months. The average price for August is $586,661. During September the price had a considerable reduction till $291,887. During the following two months (October, November) the average price had a considerable reduction of 74 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $383,116.25 to $319,459, which means a 83 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $323,281 they are 24 % more affordable than the average price for Oldsmar. The properties with the highest average price have 1 bedroom, Their price is 3 % more costly than the average. After that we have properties with 4 bedrooms priced at $302,269.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $139 / sq.feet, with an average $174 / sq.feet price in Oldsmar. The properties with the lowest average prices have 3 bedrooms. They are 3 % cheaper than the average followed by properties with 1 bedroom with a price at $150 / sq.feet.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of $323,281 it is 20 % cheaper than the average price in Oldsmar. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Farm". At a price of $260,035 it is 6 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $122 / sq.feet followed by "House" priced at $150 / sq.feet. "House" is the cheapest type of property with a $150 / sq.feet value followed by "Farm" with an average price of $122 / sq.feet.