The prices in real estate in Port Clinton, 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 Port Clinton has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $168,960. In the following month the price per sq.feet decreased considerably to $158. The price for the following two months in (May, June) had a considerable decrease of 0 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 12 % 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 $42,368.75 to $4,985.5 during July, and August.
Based upon to the price in Port Clinton (cities), this has fallen considerably in the last 6 months. The average price for March is $738,900. During April the price had a considerable reduction till $351,745. During the following two months (May, June) the average price had a considerable reduction of 74 % 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 134 % 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 $664,543 they are 80 % more affordable than the average price for Port Clinton. The properties with the highest average price have 3 bedrooms, Their price is 31 % more costly than the average. After that we have properties with 4 bedrooms priced at $342,498.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $110 / sq.feet, with an average $4,638 / sq.feet price in Port Clinton. The properties with the lowest average prices have 3 bedrooms. They are 77 % cheaper than the average followed by properties with 1 bedroom with a price at $189 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $664,543 it is 94 % cheaper than the average price in Port Clinton. "Commercial" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $259,219 it is 51 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $118 / sq.feet followed by "House" priced at $140 / sq.feet. "Land" is the cheapest type of property with a $1,069 / sq.feet value followed by "Condo" with an average price of $178 / sq.feet.