The prices in real estate in Grand Haven, 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 Haven has had a strong decrease during the last 6 months. In August, the average price per sq.feet was $405. In the following month the price per sq.feet decreased considerably to $213. The price for the following two months in (October, November) had a considerable decrease of 61 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 73 % 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 $248.75 to $182.5 during December, and January.
Based upon to the price in Grand Haven (cities), this has gone downing the last 6 months. The average price for August is $474,800. During September the price had a considerable reduction till $284,920. During the following two months (October, November) the price has had an average incrementation from $379,860 to $412,105.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 121 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $493,517 they are 92 % more affordable than the average price for Grand Haven. The properties with the lowest average price have 1 bedroom, Their price is 32 % cheaper than the average. After that we have properties with 4 bedrooms priced at $333,315.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $19 / sq.feet, with an average $176 / sq.feet price in Grand Haven. The properties with the lowest average prices have 1 bedroom. They are 10 % cheaper than the average followed by properties with 4 bedrooms with a price at $148 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $493,517 it is 92 % cheaper than the average price in Grand Haven. "Duplex" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Land". At a price of $285,768 it is 32 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $18 / sq.feet followed by "Duplex" priced at $32 / sq.feet. "House" is the cheapest type of property with a $148 / sq.feet value followed by "Land" with an average price of $130 / sq.feet.