The prices in real estate in East Jordan, in the Michigan region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in East Jordan has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $343. In April this price pretty much remained the same at a value of $335 per sq.feet. The price for the following two months in (May, June) had a considerable decrease of 53 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 81 % 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 $260 to $210 during July, and August.
Based upon to the price in East Jordan (cities), this has fallen considerably in the last 6 months. The price in March is $549,375, rising in April till $621,500. During the following two months (May, June) the average price had a considerable reduction of 52 % 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 $445,091 to $353,312, which means a 79 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $376,220 they are 25 % more affordable than the average price for East Jordan. The properties with the highest average price have 4 bedrooms, Their price is 58 % more costly than the average. After that we have properties with 3 bedrooms priced at $351,469.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $168 / sq.feet, with an average $207 / sq.feet price in East Jordan. The properties with the highest average prices have 1 bedroom. They are 26 % more expensive than the average followed by properties with 2 bedrooms with a price at $244 / sq.feet.
With regard to the average price based upon the property in East Jordan we can see that most expensive property type is "House" at a price of $391,168, they are 4 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 4 % more expensive than the average price aforementioned.
According to the average area price by sq.feet the most costly property type is "House with an average price of $218 / sq.feet. "House" at an average price of $218 / sq.feet has the most expensive price and would be directed at more affluent cities.