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 October, the average price per sq.feet was $4,648. In November this price pretty much remained the same at a value of $4,753 per sq.feet. The price for the following two months in (December, January) had a considerable decrease of 9 with regard to the prior two months. The price per sq.feet has had a considerable increase of 595 % 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 $2,552.5 to $15,179.5 during February, and March.
Based upon to the price in Hancock (cities), this has gone up in the last 6 months. The average price for October is $188,350. During November the price had a considerable reduction till $153,626. During the following two months (December, January) the average price had a considerable increase of 178 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $237,270 to $127,192.5, which means a 54 % fall.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 4 % cheaper than the average price of $133,786 in Hancock. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 4 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 98 % cheaper than the average price of ($192 / sq.feet) in Hancock. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 98 % cheaper than the average value aforementioned.