The prices in real estate in Olive Branch, in the Mississippi 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 Olive Branch has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $2,477. In the following month the price per sq.feet increased to $2,759. In the following two months the price per sq.feet has increased 113 %, going from $2,618 to $2,949 per sq.feet. 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 $2,783.5 to $851 during August, and September.
Based upon to the price in Olive Branch (cities), this has gone up considerably in the last 6 months. The price in April is $262,560, rising in May till $283,898. During the following two months (June, July) the average price had a considerable increase of 115 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 115 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $348,247 they are 26 % more affordable than the average price for Olive Branch. The properties with the lowest average price have 2 bedrooms, Their price is 23 % cheaper than the average. After that we have properties with 1 bedroom priced at $258,971.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $93 / sq.feet, with an average $569 / sq.feet price in Olive Branch. The properties with the lowest average prices have 1 bedroom. They are 82 % cheaper than the average followed by properties with 2 bedrooms with a price at $93 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $348,247 it is 24 % cheaper than the average price in Olive Branch. "Condo" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "Condo". At a price of $267,591 it is 23 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $92 / sq.feet followed by "Apartment" priced at $93 / sq.feet. "Apartment" is the cheapest type of property with a $93 / sq.feet value followed by "Condo" with an average price of $92 / sq.feet.