The prices in real estate in Howell, 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 Howell has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $927. In the following month the price per sq.feet decreased considerably to $235. The price for the following two months in (May, June) decreased 89 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 171 % 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 $549 to $939 during July, and August.
Based upon to the price in Howell (cities), these have remained the same in the last 6 months. The average price for March is $326,960. During April the price had a slight fall till $298,274. In the following two months the average price has remained the same with regard to the previous two months from $312,617 to $326,469. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $319,543 and $318,763 between July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $325,599 they are 12 % more affordable than the average price for Howell. The properties with the highest average price have 4 bedrooms, Their price is 12 % more costly than the average. After that we have properties with 2 bedrooms priced at $306,205.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $130 / sq.feet, with an average $1,341 / sq.feet price in Howell. The properties with the lowest average prices have 4 bedrooms. They are 49 % cheaper than the average followed by properties with 2 bedrooms with a price at $132 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $325,599 it is 49 % cheaper than the average price in Howell. "Condo" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $326,618 it is 72 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $116 / sq.feet followed by "Condo" priced at $138 / sq.feet. "Commercial" is the most costly type of property with a $1,494 / sq.feet cost followed by "House" with an average price of $679 / sq.feet.