The prices in real estate in Benton Harbor, 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 Benton Harbor has increased strongly during the last 6 months. In April, the average price per sq.feet was $115. In the following month the price per sq.feet decreased to $109. The price for the following two months in (June, July) had a considerable increment of 313 %. The price per sq.feet has had a considerable deflation of 36 % 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 $231 to $83.5 during August, and September.
Based upon to the price in Benton Harbor (cities), this has fallen considerably in the last 6 months. The average price for April is $219,006. During May the price had a slight fall till $193,271. During the following two months (June, July) the average price had a considerable reduction of 72 % 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 $177,401.75 to $143,609.5, which means a 81 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $161,652 they are 72 % more affordable than the average price for Benton Harbor. The properties with the highest average price have 4 bedrooms, Their price is 48 % more costly than the average. After that we have properties with 1 bedroom priced at $222,437.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $48 / sq.feet, with an average $92 / sq.feet price in Benton Harbor. The properties with the highest average prices have 3 bedrooms. They are 25 % more expensive than the average followed by properties with 1 bedroom with a price at $112 / sq.feet.
The graph displaying the average prices displays the property type "Detached House" as the most costly one. At an cost of $161,652 it is 3 % more expensive than the average price in Benton Harbor. "House" is seen as the second dearest property type. The dearest property type is "Townhouse" followed by "House". At a price of $217,910 it is 44 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Detached House" at an average cost of $97 / sq.feet followed by "House" priced at $110 / sq.feet. "House" is the most costly type of property with a $110 / sq.feet cost followed by "Detached House" with an average price of $97 / sq.feet.