Property prices for sale in Bellaire (Michigan)
The prices in real estate in Bellaire, 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 Bellaire has increased strongly during the last 6 months. In October, the average price per sq.feet was $671. In the following month the price per sq.feet increased considerably to $1,341. The price for the following two months in (December, January) had a considerable decrease of 21 with regard to the prior two months. The price per sq.feet has had a considerable increase of 714 % 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 $610.75 to $4,358 during February, and March.
Based upon to the price in Bellaire (cities), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $260,381. In November This price remains at $271,404. During the following two months (December, January) the average price had a considerable increase of 133 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $309,433.25 to $260,240.5, which means a 84 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $271,605 they are 57 % more affordable than the average price for Bellaire. The properties with the highest average price have 4 bedrooms, Their price is 101 % more costly than the average. After that we have properties with 3 bedrooms priced at $451,550.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $196 / sq.feet, with an average $5,469 / sq.feet price in Bellaire. The properties with the lowest average prices have 2 bedrooms. They are 95 % cheaper than the average followed by properties with 3 bedrooms with a price at $268 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $271,605 it is 85 % cheaper than the average price in Bellaire. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $280,805 it is 76 % 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 $239 / sq.feet followed by "House" priced at $670 / sq.feet. "Land" is the most costly type of property with a $21,533 / sq.feet cost followed by "House" with an average price of $670 / sq.feet.
