The prices in real estate in Ann Arbor, in the Michigan region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Ann Arbor has remained the same in the last 6 months. In December, the average price per sq.feet was $300. In January this price pretty much remained the same at a value of $301 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $300.5 to $314.5 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $307.5 to $320.5 during April y May
Based upon to the price in Ann Arbor (cities), this has gone up in the last 6 months. In our first sample month during December, the average price is $650,268. In January This price remains at $667,400. During the following two months (February, March) the price has had an average incrementation from $658,834 to $707,485. 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 $683,159.5 and $684,914 between April and May.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $703,692 they are 64 % more affordable than the average price for Ann Arbor. The properties with the highest average price have 4 bedrooms, Their price is 2 % more costly than the average. After that we have properties with 3 bedrooms priced at $520,610.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $282 / sq.feet, with an average $319 / sq.feet price in Ann Arbor. The properties with the highest average prices have 1 bedroom. They are 20 % more expensive than the average followed by properties with 3 bedrooms with a price at $360 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $703,692 it is 45 % cheaper than the average price in Ann Arbor. "Office" is seen as the second most affordable property type. The dearest property type is "House" followed by "Detached House". At a price of $462,007 it is 12 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $148 / sq.feet followed by "Townhouse" priced at $151 / sq.feet. "House" is the most costly type of property with a $320 / sq.feet cost followed by "Condo" with an average price of $311 / sq.feet.