Property prices for sale in Vermilion (Ohio)
The prices in real estate in Vermilion, 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 Vermilion has increased strongly during the last 6 months. In October, the average price per sq.feet was $251. In November this price pretty much remained the same at a value of $261 per sq.feet. The price for the following two months in (December, January) had a considerable increment of 119 %. The price per sq.feet has had a considerable increase of 158 % 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 $280.5 to $444 during February, and March.
Based upon to the price in Vermilion (cities), this has gone up considerably in the last 6 months. The price in October is $506,586, rising in November till $573,561. During the following two months (December, January) the average price had a considerable increase of 128 % 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 148 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $901,536 they are 46 % more affordable than the average price for Vermilion. The properties with the highest average price have 1 bedroom, Their price is 60 % more costly than the average. After that we have properties with 2 bedrooms priced at $1,086,250.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $179 / sq.feet, with an average $452 / sq.feet price in Vermilion. The properties with the highest average prices have 2 bedrooms. They are 5 % more expensive than the average followed by properties with 1 bedroom with a price at $442 / sq.feet.
The graph displaying the average prices displays the property type "Detached House" as the most affordable one. At an cost of $901,536 it is 63 % cheaper than the average price in Vermilion. "Land" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "House". At a price of $495,512 it is 32 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $137 / sq.feet followed by "House" priced at $207 / sq.feet. "Land" is the most costly type of property with a $270,104 / sq.feet cost followed by "Condo" with an average price of $532 / sq.feet.
