The prices in real estate in Oracle, in the Arizona region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Oracle has fallen in the last 6 months. In May, the average price per sq.feet was $217. In the following month the price per sq.feet decreased to $205. In the following two months the price per sq.feet has barely changed, going from $211 to $219.5 per sq.feet. The price per sq.feet has decreased 86 % 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 $215.25 to $186 during September, and October.
Based upon to the price in Oracle (cities), this has gone up considerably in the last 6 months. In our first sample month during May, the average price is $364,882. In June This price remains at $376,113. During the following two months (July, August) the average price had a considerable increase of 131 % with regard to the previous two months. 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 $427,916 and $424,645 between September and October.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $444,777 they are 31 % more affordable than the average price for Oracle. The properties with the lowest average price have 1 bedroom, Their price is 31 % cheaper than the average. After that we have properties with 3 bedrooms priced at $304,796.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $178 / sq.feet, with an average $195 / sq.feet price in Oracle. The properties with the lowest average prices have 1 bedroom. They are 6 % cheaper than the average followed by properties with 3 bedrooms with a price at $178 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $444,777 it is 45 % cheaper than the average price in Oracle. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of $299,125 it is 31 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $93 / sq.feet followed by "Townhouse" priced at $114 / sq.feet. "House" is the cheapest type of property with a $178 / sq.feet value followed by "Townhouse" with an average price of $114 / sq.feet.