The prices in real estate in Piqua, 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 Piqua has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $265. In the following month the price per sq.feet decreased considerably to $113. The price for the following two months in (December, January) had a considerable decrease of 63 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 $153.75 to $129.5 during February, and March.
Based upon to the price in Piqua (cities), this has gone up considerably in the last 6 months. The price in October is $163,621, rising in November till $172,769. During the following two months (December, January) the price has had an average incrementation from $168,195 to $193,392. Based on an analysis of the first four prices and the last two months the average price has gone up 111 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $198,551 they are 28 % more affordable than the average price for Piqua. The properties with the highest average price have 4 bedrooms, Their price is 33 % more costly than the average. After that we have properties with 1 bedroom priced at $233,675.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $114 / sq.feet, with an average $136 / sq.feet price in Piqua. The properties with the highest average prices have 1 bedroom. They are 10 % more expensive than the average followed by properties with 3 bedrooms with a price at $138 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $198,551 it is 4 % cheaper than the average price in Piqua. "Land" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "Land". At a price of $255,330 it is 38 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $125 / sq.feet followed by "Detached House" priced at $127 / sq.feet. "Land" is the most costly type of property with a $56,220 / sq.feet cost followed by "Detached House" with an average price of $127 / sq.feet.