The prices in real estate in Detroit, in the Michigan region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Detroit has remained the same in the last 6 months. In August, the average price per sq.feet was $56. In the following month the price per sq.feet decreased to $49. The price for the following two months in (October, November) decreased 90 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 125 % 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 $49.75 to $62 during December, and January.
Based upon to the price in Detroit (cities), this has fallen considerably in the last 6 months. The average price for August is $83,411. During September the price had a considerable reduction till $65,084. During the following two months (October, November) the average price had a considerable reduction of 83 % 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 119 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $82,989 they are 17 % more affordable than the average price for Detroit. The properties with the highest average price have 2 bedrooms, Their price is 199 % more costly than the average. After that we have properties with 1 bedroom priced at $214,064.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $58 / sq.feet, with an average $62 / sq.feet price in Detroit. The properties with the highest average prices have 1 bedroom. They are 324 % more expensive than the average followed by properties with 2 bedrooms with a price at $177 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $82,989 it is 48 % cheaper than the average price in Detroit. "Apartment" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Apartment". At a price of $43,227 it is 16 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $33 / sq.feet followed by "House" priced at $55 / sq.feet. "Apartment" is the most costly type of property with a $153 / sq.feet cost followed by "House" with an average price of $55 / sq.feet.