The prices in real estate in Reed City, 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 Reed City has increased strongly during the last 6 months. In October, the average price per sq.feet was $133. In the following month the price per sq.feet increased considerably to $858. The price for the following two months in (December, January) had a considerable decrease of 38 with regard to the prior two months. The price per sq.feet has had a considerable increase of 442 % 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 $341.75 to $1,509.5 during February, and March.
Based upon to the price in Reed City (cities), this has fallen considerably in the last 6 months. The average price for October is $284,779. During November the price had a considerable reduction till $210,867. During the following two months (December, January) the average price had a considerable reduction of 75 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $217,204 and $219,228 between February and March.
The graph showing the average price for bedrooms displays the property with the lowest price has 2 bedrooms. It is 60 % cheaper than the average price of $93,614 in Reed City. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 40 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 2 bedrooms are 92 % cheaper than the average price of ($76 / sq.feet) in Reed City. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 86 % cheaper than the average value aforementioned.