The prices in real estate in Fenton, 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 Fenton has fallen in the last 6 months. In October, the average price per sq.feet was $190. In November this price pretty much remained the same at a value of $191 per sq.feet. The price for the following two months in (December, January) decreased 94 % with regard to the prior two months. The price per sq.feet has decreased 93 % 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 $184.75 to $172.5 during February, and March.
Based upon to the price in Fenton (cities), this has gone downing the last 6 months. In our first sample month during October, the average price is $422,230. In November This price remains at $407,838. During the following two months (December, January) the average price fell 90 % 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 86 %, going from $393,836.5 to $340,023 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $325,429 they are 25 % more affordable than the average price for Fenton. The properties with the lowest average price have 1 bedroom, Their price is 8 % cheaper than the average. After that we have properties with 2 bedrooms priced at $250,640.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $87 / sq.feet, with an average $172 / sq.feet price in Fenton. The properties with the lowest average prices have 1 bedroom. They are 26 % cheaper than the average followed by properties with 2 bedrooms with a price at $108 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $325,429 it is 49 % cheaper than the average price in Fenton. "Apartment" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "Land". At a price of $165,282 it is 25 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $72 / sq.feet followed by "Apartment" priced at $87 / sq.feet. "Apartment" is the cheapest type of property with a $87 / sq.feet value followed by "Land" with an average price of $72 / sq.feet.