The prices in real estate in Allendale, 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 Allendale has increased strongly during the last 6 months. In July, the average price per sq.feet was $129. In August this price pretty much remained the same at a value of $130 per sq.feet. In the following two months the price per sq.feet has increased 113 %, going from $129.5 to $146.5 per sq.feet. The price per sq.feet has had a considerable increase of 216 % 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 $138 to $298.5 during November, and December.
Based upon to the price in Allendale (cities), this has gone up considerably in the last 6 months. In our first sample month during July, the average price is $310,278. In August This price remains at $315,029. During the following two months (September, October) the price has had an average incrementation from $312,653.5 to $353,379.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 154 % 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 $651,540 they are 50 % more affordable than the average price for Allendale. The properties with the lowest average price have 4 bedrooms, Their price is 39 % cheaper than the average. After that we have properties with 3 bedrooms priced at $363,905.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $158 / sq.feet, with an average $433 / sq.feet price in Allendale. The properties with the lowest average prices have 1 bedroom. They are 53 % cheaper than the average followed by properties with 3 bedrooms with a price at $192 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $651,540 it is 47 % cheaper than the average price in Allendale. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $346,554 it is 42 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $154 / sq.feet followed by "House" priced at $174 / sq.feet. "House" is the cheapest type of property with a $174 / sq.feet value followed by "Condo" with an average price of $154 / sq.feet.