The prices in real estate in Freeland, 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 Freeland has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $4,125. In the following month the price per sq.feet decreased considerably to $2,270. The price for the following two months in (May, June) had a considerable decrease of 52 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 8 % 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 $2,422.5 to $201 during July, and August.
Based upon to the price in Freeland (cities), this has gone up in the last 6 months. The average price during our first sample month during March, is $330,273. During April the price went through a considerable rise reaching $387,739. In the following two months the average price has remained the same with regard to the previous two months from $359,006 to $350,538. Based on an analysis of the first four prices and the last two months the average price has gone up 113 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $432,458 they are 57 % more affordable than the average price for Freeland. Based on the bedrooms values, properties with the lowest prices are those with 3 bedrooms. They are 30 % more affordable than the average aforementioned.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $155 / sq.feet, with an average $198 / sq.feet price in Freeland. Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 41 % more costly than the average value aforementioned.