The prices in real estate in Houghton Lake, 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 Houghton Lake has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $278. In the following month the price per sq.feet increased considerably to $455. The price for the following two months in (September, October) had a considerable decrease of 62 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 44 % 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 $297.75 to $130 during November, and December.
Based upon to the price in Houghton Lake (cities), these have remained the same in the last 6 months. The average price for July is $175,261. During August the price had a slight fall till $158,439. During the following two months (September, October) the price has had an average incrementation from $166,850 to $177,948. Based on an analysis of the first four prices and the last two months the average price has gone up 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 $190,557 they are 30 % more affordable than the average price for Houghton Lake. The properties with the highest average price have 4 bedrooms, Their price is 27 % more costly than the average. After that we have properties with 3 bedrooms priced at $182,424.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $91 / sq.feet, with an average $132 / sq.feet price in Houghton Lake. The properties with the highest average prices have 1 bedroom. They are 23 % more expensive than the average followed by properties with 2 bedrooms with a price at $156 / sq.feet.
With regard to the average price based upon the property in Houghton Lake we can see that most expensive property type is "House" at a price of $191,289, they are 0 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 0 % more expensive than the average price aforementioned.
According to the average area price by sq.feet the most costly property type is "House with an average price of $143 / sq.feet. "House" at an average price of $143 / sq.feet has the most expensive price and would be directed at more affluent cities.