The prices in real estate in Gaines, 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 Gaines has increased strongly during the last 6 months. In October, the average price per sq.feet was $742. In the following month the price per sq.feet decreased considerably to $183. The price for the following two months in (December, January) had a considerable decrease of 39 with regard to the prior two months. The price per sq.feet has had a considerable increase of 2949 % 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 $321.5 to $9,480.5 during February, and March.
Based upon to the price in Gaines (cities), these have remained the same in the last 6 months. The average price during our first sample month during October, is $223,588. During November the price went through a considerable rise reaching $262,689. In the following two months the average price has remained the same with regard to the previous two months from $243,138.5 to $240,373.5. During the last two months the average price has had a strong fall compared to the previous four going from $241,756 to $190,355.5, which means a 79 % fall.