The prices in real estate in Tulsa, in the Oklahoma 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 Tulsa has had a strong decrease during the last 6 months. In August, the average price per sq.feet was $6,278. In the following month the price per sq.feet decreased considerably to $2,849. The price for the following two months in (October, November) had a considerable decrease of 6 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 6 % 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 $2,418.25 to $151.5 during December, and January.
Based upon to the price in Tulsa (cities), this has gone up in the last 6 months. The price in August is $467,906, rising in September till $494,450. In the following two months the average price has remained the same with regard to the previous two months from $481,178 to $504,615. Based on an analysis of the first four prices and the last two months the average price has gone up 109 % 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 $614,198 they are 89 % more affordable than the average price for Tulsa. The properties with the lowest average price have 4 bedrooms, Their price is 55 % cheaper than the average. After that we have properties with 3 bedrooms priced at $150,723.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $64 / sq.feet, with an average $168 / sq.feet price in Tulsa. The properties with the lowest average prices have 1 bedroom. They are 39 % cheaper than the average followed by properties with 4 bedrooms with a price at $92 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $614,198 it is 83 % cheaper than the average price in Tulsa. "Condo" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "Villa". At a price of $231,235 it is 60 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $75 / sq.feet followed by "Villa" priced at $78 / sq.feet. "Condo" is the most costly type of property with a $502 / sq.feet cost followed by "Apartment" with an average price of $84 / sq.feet.