The prices in real estate in Iron River, in the Michigan region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Iron River has remained the same in the last 6 months. In December, the average price per sq.feet was $96. In January this price pretty much remained the same at a value of $100 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $98 to $100 per sq.feet. The price per sq.feet has decreased 92 % 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 $99 to $91 during April, and May.
Based upon to the price in Iron River (cities), this has gone up considerably in the last 6 months. In our first sample month during December, the average price is $144,694. In January This price remains at $144,146. During the following two months (February, March) the average price had a considerable increase of 129 % 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 122 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $139,510 they are 2 % more affordable than the average price for Iron River. The properties with the highest average price have 4 bedrooms, Their price is 130 % more costly than the average. After that we have properties with 2 bedrooms priced at $284,873.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $68 / sq.feet, with an average $74 / sq.feet price in Iron River. The properties with the highest average prices have 1 bedroom. They are 101 % more expensive than the average followed by properties with 2 bedrooms with a price at $129 / sq.feet.
With regard to the average price based upon the property in Iron River we can see that most expensive property type is "House" at a price of $430,468, they are 209 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 209 % 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 $127 / sq.feet. "House" at an average price of $127 / sq.feet has the most expensive price and would be directed at more affluent cities.