The prices in real estate in Hersey, 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 Hersey has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $1,232. In the following month the price per sq.feet decreased considerably to $378. The price for the following two months in (December, January) had a considerable decrease of 18 with regard to the prior two months. The price per sq.feet has had a considerable increase of 161 % 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 $476.25 to $768.5 during February, and March.
Based upon to the price in Hersey (cities), this has gone up in the last 6 months. In our first sample month during October, the average price is $271,293. In November This price remains at $273,263. During the following two months (December, January) the average price fell 87 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 136 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $417,150 they are 69 % more affordable than the average price for Hersey. The properties with the lowest average price have 3 bedrooms, Their price is 41 % cheaper than the average. After that we have properties with 2 bedrooms priced at $227,450.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $60 / sq.feet, with an average $278 / sq.feet price in Hersey. The properties with the lowest average prices have 2 bedrooms. They are 31 % cheaper than the average followed by properties with 1 bedroom with a price at $145 / sq.feet.
With regard to the average price based upon the property in Hersey we can see that the cheapest property type is "House" at a price of $189,348, they are 55 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 55 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $105 / sq.feet. "House" with an average cost of $105 / sq.feet has the lowest price and would be directed at less affluent cities.