The prices in real estate in Cheboygan, 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 Cheboygan has increased strongly during the last 6 months. In February, the average price per sq.feet was $137. In March this price pretty much remained the same at a value of $136 per sq.feet. The price for the following two months in (April, May) had a considerable increment of 153 %. The price per sq.feet has had a considerable increase of 207 % 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 $173 to $358.5 during June, and July.
Based upon to the price in Cheboygan (cities), this has gone downing the last 6 months. The average price for February is $247,505. During March the price had a slight fall till $215,511. During the following two months (April, May) the average price fell 86 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 116 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $278,201 they are 49 % more affordable than the average price for Cheboygan. The properties with the highest average price have 4 bedrooms, Their price is 5 % more costly than the average. After that we have properties with 3 bedrooms priced at $280,441.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $125 / sq.feet, with an average $171 / sq.feet price in Cheboygan. The properties with the highest average prices have 2 bedrooms. They are 16 % more expensive than the average followed by properties with 3 bedrooms with a price at $135 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $278,201 it is 73 % cheaper than the average price in Cheboygan. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $74,329 it is 1 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $157 / sq.feet followed by "Land" priced at $22,744 / sq.feet. "Land" is the most costly type of property with a $22,744 / sq.feet cost followed by "House" with an average price of $157 / sq.feet.