Property prices for sale in Cadillac (Michigan)
The prices in real estate in Cadillac, 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 Cadillac has increased strongly during the last 6 months. In March, the average price per sq.feet was $135. In April this price pretty much remained the same at a value of $129 per sq.feet. In the following two months the price per sq.feet has increased 112 %, going from $132 to $147.5 per sq.feet. The price per sq.feet has had a considerable increase of 522 % 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 $139.75 to $729 during July, and August.
Based upon to the price in Cadillac (cities), these have remained the same in the last 6 months. In our first sample month during March, the average price is $277,403. In April This price remains at $280,850. During the following two months (May, June) the price has had an average incrementation from $279,126.5 to $304,159. During the last two months the average price has had a strong fall compared to the previous four going from $291,642.75 to $241,016, which means a 83 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $217,557 they are 62 % more affordable than the average price for Cadillac. The properties with the highest average price have 4 bedrooms, Their price is 49 % more costly than the average. After that we have properties with 3 bedrooms priced at $194,289.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $120 / sq.feet, with an average $785 / sq.feet price in Cadillac. The properties with the lowest average prices have 2 bedrooms. They are 84 % cheaper than the average followed by properties with 1 bedroom with a price at $125 / sq.feet.
The graph displaying the average prices displays the property type "" as the most affordable one. At an cost of $217,557 it is 89 % cheaper than the average price in Cadillac. "Land" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Condo". At a price of $236,484 it is 80 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $20 / sq.feet followed by "Land" priced at $22 / sq.feet. "Condo" is the cheapest type of property with a $206 / sq.feet value followed by "House" with an average price of $123 / sq.feet.
