The prices in real estate in Grosse Pointe, 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 Grosse Pointe has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $209. In the following month the price per sq.feet decreased considerably to $164. The price for the following two months in (June, July) decreased 91 % with regard to the prior two months. 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 $178 to $175 during August y September
Based upon to the price in Grosse Pointe (cities), this has fallen considerably in the last 6 months. The average price for April is $792,875. During May the price had a considerable reduction till $455,685. During the following two months (June, July) the average price had a considerable reduction of 84 % 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 87 %, going from $574,124 to $499,390.5 in August and September.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 18 % cheaper than the average price of $378,967 in Grosse Pointe. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 18 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 33 % cheaper than the average price of ($117 / sq.feet) in Grosse Pointe. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 33 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $461,003 it is 57 % cheaper than the average price in Grosse Pointe. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of $377,074 it is 18 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $87 / sq.feet followed by "Townhouse" priced at $112 / sq.feet. "House" is the cheapest type of property with a $117 / sq.feet value followed by "Townhouse" with an average price of $112 / sq.feet.