The prices in real estate in Grand Rapids, in the Michigan region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Grand Rapids has increased during the last 6 months. In March, the average price per sq.feet was $142. In April this price pretty much remained the same at a value of $149 per sq.feet. In the following two months the price per sq.feet has increased 111 %, going from $145.5 to $161.5 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $153.5 to $147.5 during July y August
Based upon to the price in Grand Rapids (cities), this has gone downing the last 6 months. In our first sample month during March, the average price is $342,985. In April This price remains at $338,580. During the following two months (May, June) the average price fell 91 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 92 %, going from $325,780 to $298,810.5 in July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $264,284 they are 34 % more affordable than the average price for Grand Rapids. The properties with the highest average price have 4 bedrooms, Their price is 68 % more costly than the average. After that we have properties with 3 bedrooms priced at $320,498.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of $139 / sq.feet, with an average $137 / sq.feet price in Grand Rapids. The properties with the highest average prices have 1 bedroom. They are 21 % more expensive than the average followed by properties with 3 bedrooms with a price at $145 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $264,284 it is 52 % cheaper than the average price in Grand Rapids. "Duplex" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "House". At a price of $239,634 it is 6 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $4 / sq.feet followed by "House" priced at $126 / sq.feet. "Commercial" is the most costly type of property with a $914 / sq.feet cost followed by "Condo" with an average price of $193 / sq.feet.