Property prices for sale in Holland (Michigan)
The prices in real estate in Holland, 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 Holland has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $776. In the following month the price per sq.feet decreased considerably to $646. The price for the following two months in (January, February) had a considerable decrease of 63 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 70 % 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 $580.5 to $407 during March, and April.
Based upon to the price in Holland (cities), this has gone up in the last 6 months. In our first sample month during November, the average price is $461,718. In December This price remains at $462,629. During the following two months (January, February) the price has had an average incrementation from $462,173.5 to $520,049. Based on an analysis of the first four prices and the last two months the average price has risen strongly 115 % 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 $541,753 they are 39 % more affordable than the average price for Holland. The properties with the lowest average price have 4 bedrooms, Their price is 10 % cheaper than the average. After that we have properties with 2 bedrooms priced at $474,611.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $229 / sq.feet, with an average $296 / sq.feet price in Holland. The properties with the highest average prices have 2 bedrooms. They are 7 % more expensive than the average followed by properties with 1 bedroom with a price at $298 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $541,753 it is 71 % cheaper than the average price in Holland. "Apartment" is seen as the second most affordable property type. The cheapest type property is "Condo" followed by "House". At a price of $511,365 it is 5 % 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 $25 / sq.feet followed by "Apartment" priced at $152 / sq.feet. "Land" is the most costly type of property with a $38,996 / sq.feet cost followed by "Condo" with an average price of $294 / sq.feet.
