The prices in real estate in Fenton, in the Michigan region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Fenton has increased strongly during the last 6 months. In March, the average price per sq.feet was $136. In April this price pretty much remained the same at a value of $133 per sq.feet. The price for the following two months in (May, June) had a considerable increment of 138 %. The price per sq.feet has had a considerable increase of 121 % 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 $159.75 to $193.5 during July, and August.
Based upon to the price in Fenton (cities), this has gone up in the last 6 months. The average price for March is $340,125. During April the price had a slight fall till $295,397. During the following two months (May, June) the average price had a considerable increase of 123 % 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 124 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $458,619 they are 46 % more affordable than the average price for Fenton. The properties with the lowest average price have 1 bedroom, Their price is 35 % cheaper than the average. After that we have properties with 2 bedrooms priced at $251,143.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $94 / sq.feet, with an average $202 / sq.feet price in Fenton. The properties with the lowest average prices have 1 bedroom. They are 36 % cheaper than the average followed by properties with 2 bedrooms with a price at $110 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $458,619 it is 64 % 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 $166,447 it is 46 % 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 $79 / sq.feet followed by "Apartment" priced at $94 / sq.feet. "Apartment" is the cheapest type of property with a $94 / sq.feet value followed by "Land" with an average price of $79 / sq.feet.