The prices in real estate in Grandville, 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 Grandville has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $149. In May this price pretty much remained the same at a value of $150 per sq.feet. In the following two months the price per sq.feet has increased 107 %, going from $149.5 to $160 per sq.feet. The price per sq.feet has had a considerable deflation of 49 % 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 $154.75 to $75.5 during August, and September.
Based upon to the price in Grandville (cities), this has fallen considerably in the last 6 months. In our first sample month during April, the average price is $302,920. In May This price remains at $308,894. In the following two months the average price has remained the same with regard to the previous two months from $305,907 to $295,340.5. During the last two months the average price has had a strong fall compared to the previous four going from $300,623.75 to $129,702.5, which means a 43 % fall.