The prices in real estate in Glen Arbor, 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 Glen Arbor has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $9,049. In the following month the price per sq.feet decreased considerably to $225. The price for the following two months in (May, June) had a considerable decrease of 10 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 19 % 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 $2,545 to $480 during July, and August.
Based upon to the price in Glen Arbor (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during March, is $352,207. During April the price went through a considerable rise reaching $417,756. During the following two months (May, June) the average price had a considerable increase of 138 % 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 140 % during the last two months.