The prices in real estate in Hancock, in the Michigan region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Hancock has increased strongly during the last 6 months. In November, the average price per sq.feet was $4,753. In the following month the price per sq.feet decreased considerably to $654. The price for the following two months in (January, February) had a considerable increment of 332 %. The price per sq.feet has increased 108 % 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 $5,845 to $6,331 during March, and April.
Based upon to the price in Hancock (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $153,626. During December the price went through a considerable rise reaching $191,282. During the following two months (January, February) the average price had a considerable increase of 154 % 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 $219,093.25 to $190,818 in March and April.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 45 % cheaper than the average price of $133,652 in Hancock. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 45 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 58 % more costly than the average price of ($191 / sq.feet) in Hancock. Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 58 % more costly than the average value aforementioned.