The prices in real estate in Big Bay, 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 Big Bay has increased strongly during the last 6 months. In October, the average price per sq.feet was $435. In the following month the price per sq.feet increased considerably to $3,021. The price for the following two months in (December, January) decreased 85 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 33 % 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 $1,598.75 to $525.5 during February, and March.
Based upon to the price in Big Bay (cities), these have remained the same in the last 6 months. The average price for October is $587,713. During November the price had a considerable reduction till $473,800. In the following two months the average price has remained the same with regard to the previous two months from $530,756.5 to $545,625. Based on an analysis of the first four prices and the last two months the average price has risen strongly 133 % during the last two months.