The prices in real estate in Grand Blanc, 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 Grand Blanc has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $1,277. In the following month the price per sq.feet decreased considerably to $530. The price for the following two months in (June, July) had a considerable decrease of 76 with regard to the prior two months. The price per sq.feet has increased 112 % 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 $794 to $885.5 during August, and September.
Based upon to the price in Grand Blanc (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during April, is $198,681. During May the price went through a considerable rise reaching $247,571. During the following two months (June, July) the average price had a considerable increase of 118 % 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 108 % 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 $254,119 they are 17 % more affordable than the average price for Grand Blanc. The properties with the highest average price have 4 bedrooms, Their price is 5 % more costly than the average. After that we have properties with 1 bedroom priced at $210,394.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $173 / sq.feet, with an average $641 / sq.feet price in Grand Blanc. The properties with the lowest average prices have 4 bedrooms. They are 38 % cheaper than the average followed by properties with 1 bedroom with a price at $173 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $254,119 it is 30 % cheaper than the average price in Grand Blanc. "Condo" is seen as the second most affordable property type. The dearest property type is "Office" followed by "Apartment". At a price of $241,590 it is 8 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $84 / sq.feet followed by "Office" priced at $104 / sq.feet. "House" is the most costly type of property with a $1,194 / sq.feet cost followed by "Condo" with an average price of $158 / sq.feet.