The prices in real estate in West Branch, 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 West Branch has increased strongly during the last 6 months. In September, the average price per sq.feet was $155. In the following month the price per sq.feet increased considerably to $1,008. The price for the following two months in (November, December) had a considerable increment of 156 %. The price per sq.feet has had a considerable increase of 157 % 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 $745 to $1,171.5 during January, and February.
Based upon to the price in West Branch (cities), this has fallen considerably in the last 6 months. The average price for September is $338,309. During October the price had a considerable reduction till $260,950. During the following two months (November, December) the average price fell 87 % 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 113 % 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 $282,995 they are 58 % more affordable than the average price for West Branch. The properties with the highest average price have 4 bedrooms, Their price is 37 % more costly than the average. After that we have properties with 2 bedrooms priced at $347,050.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $146 / sq.feet, with an average $2,162 / sq.feet price in West Branch. The properties with the lowest average prices have 2 bedrooms. They are 90 % cheaper than the average followed by properties with 1 bedroom with a price at $169 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $282,995 it is 59 % cheaper than the average price in West Branch. "House" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Condo". At a price of $347,744 it is 37 % 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 $106 / sq.feet followed by "House" priced at $160 / sq.feet. "Land" is the most costly type of property with a $33,769 / sq.feet cost followed by "Condo" with an average price of $194 / sq.feet.