Property prices for sale in East China (Michigan)
The prices in real estate in East China, in the Michigan region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in East China has fallen in the last 6 months. In March, the average price per sq.feet was $1,433. In the following month the price per sq.feet decreased considerably to $812. In the following two months the price per sq.feet has barely changed, going from $1,122.5 to $1,130 per sq.feet. The price per sq.feet has had a considerable increase of 144 % 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 $1,126.25 to $1,626 during July, and August.
Based upon to the price in East China (cities), these have remained the same in the last 6 months. The average price for March is $397,591. During April the price had a slight fall till $361,160. In the following two months the average price has remained the same with regard to the previous two months from $379,375.5 to $379,322. Based on an analysis of the first four prices and the last two months the average price has risen strongly 123 % 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 $474,056 they are 66 % more affordable than the average price for East China. The properties with the lowest average price have 4 bedrooms, Their price is 22 % cheaper than the average. After that we have properties with 3 bedrooms priced at $322,409.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $137 / sq.feet, with an average $794 / sq.feet price in East China. The properties with the lowest average prices have 1 bedroom. They are 58 % cheaper than the average followed by properties with 2 bedrooms with a price at $189 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $474,056 it is 44 % cheaper than the average price in East China. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of $267,739 it is 34 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $88 / sq.feet followed by "House" priced at $165 / sq.feet. "House" is the cheapest type of property with a $165 / sq.feet value followed by "Townhouse" with an average price of $88 / sq.feet.
