Property prices for sale in Cadillac (Michigan)
The prices in real estate in Cadillac, in the Michigan 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 Cadillac has increased strongly during the last 6 months. In November, the average price per sq.feet was $396. In the following month the price per sq.feet increased considerably to $498. In the following two months the price per sq.feet has increased 114 %, going from $447 to $510.5 per sq.feet. The price per sq.feet has had a considerable increase of 139 % 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 $478.75 to $664.5 during March, and April.
Based upon to the price in Cadillac (cities), this has gone downing the last 6 months. The average price for November is $226,215. During December the price had a slight fall till $202,144. During the following two months (January, February) the average price had a considerable reduction of 84 % 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 gone up 105 % 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 $218,224 they are 25 % more affordable than the average price for Cadillac. The properties with the highest average price have 4 bedrooms, Their price is 52 % more costly than the average. After that we have properties with 3 bedrooms priced at $227,413.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $155 / sq.feet, with an average $515 / sq.feet price in Cadillac. The properties with the lowest average prices have 1 bedroom. They are 59 % cheaper than the average followed by properties with 4 bedrooms with a price at $194 / sq.feet.
The graph displaying the average prices displays the property type "" as the most affordable one. At an cost of $218,224 it is 89 % cheaper than the average price in Cadillac. "Land" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Detached House". At a price of $461,674 it is 117 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $114 / sq.feet followed by "Detached House" priced at $126 / sq.feet. "Condo" is the most costly type of property with a $22,608 / sq.feet cost followed by "Land" with an average price of $6,114 / sq.feet.
