The prices in real estate in Foster City, 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 Foster City has increased strongly during the last 6 months. In April, the average price per sq.feet was $782. In the following month the price per sq.feet increased considerably to $2,986. The price for the following two months in (June, July) had a considerable decrease of 55 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 56 % 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 $1,457.75 to $820.5 during August, and September.
Based upon to the price in Foster City (cities), this has gone up in the last 6 months. The average price during our first sample month during April, is $1,260,982. During May the price went through a considerable rise reaching $1,461,769. During the following two months (June, July) the average price fell 95 % 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 gone up 109 % 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 $1,438,903 they are 40 % more affordable than the average price for Foster City. The properties with the highest average price have 3 bedrooms, Their price is 7 % more costly than the average. After that we have properties with 4 bedrooms priced at $1,522,861.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $517 / sq.feet, with an average $817 / sq.feet price in Foster City. The properties with the highest average prices have 2 bedrooms. They are 3 % more expensive than the average followed by properties with 3 bedrooms with a price at $802 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $1,438,903 it is 31 % cheaper than the average price in Foster City. "Condo" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "Apartment". At a price of $1,352,625 it is 3 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $750 / sq.feet followed by "Apartment" priced at $784 / sq.feet. "Townhouse" is the most costly type of property with a $868 / sq.feet cost followed by "Condo" with an average price of $842 / sq.feet.