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 January, the average price per sq.feet was $721. In February this price pretty much remained the same at a value of $709 per sq.feet. In the following two months the price per sq.feet has increased 107 %, going from $715 to $762 per sq.feet. The price per sq.feet has had a considerable increase of 286 % 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 $738.5 to $2,115.5 during May, and June.
Based upon to the price in Foster City (cities), these have remained the same in the last 6 months. In our first sample month during January, the average price is $1,268,639. In February This price remains at $1,325,292. In the following two months the average price has remained the same with regard to the previous two months from $1,296,965.5 to $1,286,330. Based on an analysis of the first four prices and the last two months the average price has gone up 105 % 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 $1,262,871 they are 48 % more affordable than the average price for Foster City. The properties with the highest average price have 4 bedrooms, Their price is 20 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,328,307.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $738 / sq.feet, with an average $1,245 / sq.feet price in Foster City. The properties with the lowest average prices have 4 bedrooms. They are 36 % cheaper than the average followed by properties with 3 bedrooms with a price at $774 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,262,871 it is 22 % cheaper than the average price in Foster City. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "House". At a price of $1,349,920 it is 18 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $748 / sq.feet followed by "House" priced at $782 / sq.feet. "Apartment" is the cheapest type of property with a $866 / sq.feet value followed by "Townhouse" with an average price of $840 / sq.feet.