The prices in real estate in Big Rapids, 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 Big Rapids has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $195,447. In the following month the price per sq.feet decreased considerably to $626. The price for the following two months in (June, July) had a considerable decrease of 1 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 0 % 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 $49,390.25 to $83.5 during August, and September.
Based upon to the price in Big Rapids (cities), this has fallen considerably in the last 6 months. The average price for April is $329,875. During May the price had a considerable reduction till $169,900. During the following two months (June, July) the average price had a considerable reduction of 58 % 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 $196,987.5 to $151,861.5, which means a 77 % fall.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 110 % more costly than the average price of $328,348 in Big Rapids. Based on the bedrooms values, properties with the highest prices are those with 1 bedroom. They are 110 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 499 % more costly than the average price of ($503 / sq.feet) in Big Rapids. Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 499 % more costly than the average value aforementioned.
The graph displaying the average prices displays the property type "Apartment" as the most costly one. At an cost of $156,009 it is 95 % more expensive than the average price in Big Rapids. "Condo" is seen as the second dearest property type. The dearest property type is "House" followed by "Duplex". At a price of $327,690 it is 110 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Condo" at an average cost of $495 / sq.feet followed by "Duplex" priced at $501 / sq.feet. "Apartment" is the most costly type of property with a $8,741 / sq.feet cost followed by "House" with an average price of $503 / sq.feet.