The prices in real estate in Allendale, in the Michigan region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Allendale has had a strong decrease during the last 6 months. In June, the average price per sq.feet was $172. In the following month the price per sq.feet decreased considerably to $129. The price for the following two months in (August, September) decreased 88 % with regard to the prior two months. The price per sq.feet has increased 114 % 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 $141.5 to $161 during October, and November.
Based upon to the price in Allendale (cities), this has gone downing the last 6 months. The average price for June is $371,039. During July the price had a considerable reduction till $310,278. During the following two months (August, September) the average price fell 94 % 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 114 % 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 $377,409 they are 13 % more affordable than the average price for Allendale. The properties with the highest average price have 4 bedrooms, Their price is 5 % more costly than the average. After that we have properties with 3 bedrooms priced at $364,270.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $159 / sq.feet, with an average $164 / sq.feet price in Allendale. The properties with the highest average prices have 1 bedroom. They are 26 % more expensive than the average followed by properties with 3 bedrooms with a price at $193 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $377,409 it is 8 % cheaper than the average price in Allendale. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $346,901 it is 1 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $155 / sq.feet followed by "House" priced at $175 / sq.feet. "House" is the most costly type of property with a $175 / sq.feet cost followed by "Condo" with an average price of $155 / sq.feet.