The prices in real estate in Burton, 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 Burton has increased strongly during the last 6 months. In October, the average price per sq.feet was $139. In November this price pretty much remained the same at a value of $134 per sq.feet. The price for the following two months in (December, January) decreased 94 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 1864 % 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 $132.25 to $2,465 during February, and March.
Based upon to the price in Burton (cities), this has fallen considerably in the last 6 months. The average price for October is $182,055. During November the price had a slight fall till $161,150. During the following two months (December, January) the average price fell 93 % 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 $165,698.75 to $139,388.5, which means a 84 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $143,525 they are 35 % more affordable than the average price for Burton. The properties with the highest average price have 4 bedrooms, Their price is 78 % more costly than the average. After that we have properties with 3 bedrooms priced at $162,796.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $95 / sq.feet, with an average $3,055 / sq.feet price in Burton. The properties with the lowest average prices have 4 bedrooms. They are 96 % cheaper than the average followed by properties with 3 bedrooms with a price at $125 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most costly one. At an cost of $143,525 it is 40 % more expensive than the average price in Burton. "Condo" is seen as the second dearest property type. The dearest property type is "Commercial" followed by "House". At a price of $242,535 it is 213 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $114 / sq.feet followed by "Apartment" priced at $131 / sq.feet. "Condo" is the cheapest type of property with a $176 / sq.feet value followed by "House" with an average price of $159 / sq.feet.