The prices in real estate in Orrville, in the Ohio 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 Orrville has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $182. In the following month the price per sq.feet decreased considerably to $145. The price for the following two months in (December, January) decreased 88 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 84 % 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 $153.5 to $129 during February, and March.
Based upon to the price in Orrville (cities), this has fallen considerably in the last 6 months. The average price for October is $346,930. During November the price had a considerable reduction till $267,581. During the following two months (December, January) the average price had a considerable reduction of 83 % 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 $281,192 to $223,058.5, which means a 79 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $240,632 they are 33 % more affordable than the average price for Orrville. The properties with the lowest average price have 1 bedroom, Their price is 33 % cheaper than the average. After that we have properties with 2 bedrooms priced at $161,067.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $46 / sq.feet, with an average $137 / sq.feet price in Orrville. The properties with the lowest average prices have 1 bedroom. They are 63 % cheaper than the average followed by properties with 2 bedrooms with a price at $46 / sq.feet.
With regard to the average price based upon the property in Orrville we can see that the cheapest property type is "House" at a price of $161,067, they are 33 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 33 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $46 / sq.feet. "House" with an average cost of $46 / sq.feet has the lowest price and would be directed at less affluent cities.