The prices in real estate in Bloomfield Hills, 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 Bloomfield Hills has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $324. In the following month the price per sq.feet decreased considerably to $159. The price for the following two months in (June, July) had a considerable increment of 120 %. The price per sq.feet has increased 106 % 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 $266.25 to $282.5 during August, and September.
Based upon to the price in Bloomfield Hills (cities), this has fallen considerably in the last 6 months. The average price for April is $1,120,786. During May the price had a considerable reduction till $322,760. In the following two months the average price has remained the same with regard to the previous two months from $721,773 to $729,738. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 95 %, going from $725,755.5 to $687,047 in August and September.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the most costly ones. At a price of $656,549 they are 65 % more expensive than the average price for Bloomfield Hills. Following this ranking we find those properties with 1 at an average price of $1,221,461. The properties with the highest average price have 1 bedroom, Their price is 86 % more costly than the average. After that we have properties with 2 bedrooms priced at $1,086,377.
With regard to the average price per sq.feet , those properties with 1 bedroom are the most costly ones at a cost of $342 / sq.feet, with an average $278 / sq.feet price in Bloomfield Hills. The properties with the highest average prices have 2 bedrooms. They are 27 % more expensive than the average followed by properties with 1 bedroom with a price at $342 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most costly one. At an cost of $656,549 it is 65 % more expensive than the average price in Bloomfield Hills. "Apartment" is seen as the second dearest property type. The dearest property type is "Apartment" followed by "Townhouse". At a price of $1,085,290 it is 65 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Townhouse" at an average cost of $353 / sq.feet followed by "Apartment" priced at $354 / sq.feet. "Apartment" is the most costly type of property with a $354 / sq.feet cost followed by "Townhouse" with an average price of $353 / sq.feet.