The prices in real estate in Bridgman, 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 Bridgman has increased strongly during the last 6 months. In October, the average price per sq.feet was $200. In the following month the price per sq.feet increased considerably to $738. In the following two months the price per sq.feet has barely changed, going from $469 to $486.5 per sq.feet. The price per sq.feet has had a considerable increase of 3258 % 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 $477.75 to $15,563 during February, and March.
Based upon to the price in Bridgman (cities), this has fallen considerably in the last 6 months. The average price for October is $426,317. During November the price had a slight fall till $376,174. During the following two months (December, January) the average price had a considerable reduction of 69 % 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 $339,908.25 to $247,186, which means a 73 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $281,167 they are 80 % more affordable than the average price for Bridgman. The properties with the lowest average price have 2 bedrooms, Their price is 78 % cheaper than the average. After that we have properties with 3 bedrooms priced at $61,238.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $1 / sq.feet, with an average $14,235 / sq.feet price in Bridgman. The properties with the lowest average prices have 1 bedroom. They are 100 % cheaper than the average followed by properties with 2 bedrooms with a price at $1 / sq.feet.
The graph displaying the average prices displays the property type "" as the most affordable one. At an cost of $281,167 it is 78 % cheaper than the average price in Bridgman. "Duplex" is seen as the second most affordable property type. The dearest property type is "Duplex" followed by "". At a price of $60,929 it is 251 % more expensive than the average price.
According to the average area cost by sq.feet the cheapest property type is "Duplex with an average price of $297 / sq.feet. "Duplex" with an average cost of $297 / sq.feet has the lowest price and would be directed at less affluent cities.