The prices in real estate in Toledo, 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 Toledo has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $72. In November this price pretty much remained the same at a value of $72 per sq.feet. The price for the following two months in (December, January) had a considerable decrease of 69 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 80 % 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 $61 to $49 during February, and March.
Based upon to the price in Toledo (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $113,570. During November the price went through a considerable rise reaching $258,815. During the following two months (December, January) the average price had a considerable reduction of 66 % 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 $154,933.5 to $116,331, which means a 75 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $141,308 they are 61 % more affordable than the average price for Toledo. The properties with the highest average price have 3 bedrooms, Their price is 19 % more costly than the average. After that we have properties with 4 bedrooms priced at $146,241.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $49 / sq.feet, with an average $54 / sq.feet price in Toledo. The properties with the highest average prices have 3 bedrooms. They are 54 % more expensive than the average followed by properties with 2 bedrooms with a price at $67 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $141,308 it is 51 % cheaper than the average price in Toledo. "Condo" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Office". At a price of $91,503 it is 26 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $39 / sq.feet followed by "Apartment" priced at $41 / sq.feet. "House" is the most costly type of property with a $63 / sq.feet cost followed by "Office" with an average price of $48 / sq.feet.