The prices in real estate in Howell, 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 Howell has increased strongly during the last 6 months. In April, the average price per sq.feet was $135. In the following month the price per sq.feet increased considerably to $262. The price for the following two months in (June, July) had a considerable increment of 229 %. The price per sq.feet has had a considerable deflation of 43 % 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 $326.5 to $139 during August, and September.
Based upon to the price in Howell (cities), these have remained the same in the last 6 months. In our first sample month during April, the average price is $293,072. In May This price remains at $292,598. In the following two months the average price has remained the same with regard to the previous two months from $292,835 to $292,610.5. 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 $292,722.75 and $296,494.5 between August and September.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $300,127 they are 47 % more affordable than the average price for Howell. The properties with the lowest average price have 1 bedroom, Their price is 1 % cheaper than the average. After that we have properties with 4 bedrooms priced at $296,901.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $130 / sq.feet, with an average $143 / sq.feet price in Howell. The properties with the highest average prices have 2 bedrooms. They are 733 % more expensive than the average followed by properties with 3 bedrooms with a price at $334 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $300,127 it is 28 % cheaper than the average price in Howell. "Apartment" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "Townhouse". At a price of $304,980 it is 2 % 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 $127 / sq.feet followed by "Townhouse" priced at $128 / sq.feet. "House" is the most costly type of property with a $1,294 / sq.feet cost followed by "Apartment" with an average price of $134 / sq.feet.