The prices in real estate in Sheffield Lake, in the Ohio region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Sheffield Lake has increased strongly during the last 6 months. In October, the average price per sq.feet was $109. In the following month the price per sq.feet increased considerably to $152. The price for the following two months in (December, January) had a considerable increment of 116 %. The price per sq.feet has decreased 87 % 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 $140.75 to $122.5 during February, and March.
Based upon to the price in Sheffield Lake (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $242,725. During November the price went through a considerable rise reaching $341,388. During the following two months (December, January) the average price had a considerable increase of 116 % 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 $315,272.75 to $253,616.5, which means a 80 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $282,987 they are 59 % more affordable than the average price for Sheffield Lake. The properties with the highest average price have 4 bedrooms, Their price is 68 % more costly than the average. After that we have properties with 3 bedrooms priced at $243,701.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $94 / sq.feet, with an average $127 / sq.feet price in Sheffield Lake. The properties with the highest average prices have 4 bedrooms. They are 4 % more expensive than the average followed by properties with 2 bedrooms with a price at $105 / sq.feet.
With regard to the average price based upon the property in Sheffield Lake we can see that the cheapest property type is "House" at a price of $232,421, they are 18 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 18 % 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 $104 / sq.feet. "House" with an average cost of $104 / sq.feet has the lowest price and would be directed at less affluent cities.