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 November, the average price per sq.feet was $884. In the following month the price per sq.feet increased considerably to $1,176. The price for the following two months in (January, February) had a considerable decrease of 35 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 65 % 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 $696.75 to $455.5 during March, and April.
Based upon to the price in East Jordan (cities), this has gone up considerably in the last 6 months. In our first sample month during November, the average price is $461,247. In December This price remains at $468,834. During the following two months (January, February) the average price had a considerable increase of 138 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from $552,627 to $512,592.5 in March and April.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 32 % cheaper than the average price of $368,052 in East Jordan. Based on the bedrooms values, properties with the highest prices are those with 2 bedrooms. They are 191 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 1 % more costly than the average price of ($443 / sq.feet) in East Jordan. Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 2 bedrooms. They are 48 % more costly than the average value aforementioned.