The prices in real estate in Johannesburg, 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 Johannesburg has increased strongly during the last 6 months. In October, the average price per sq.feet was $273. In the following month the price per sq.feet increased to $295. The price for the following two months in (December, January) decreased 90 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 3132 % 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 $270.25 to $8,464.5 during February, and March.
Based upon to the price in Johannesburg (cities), this has fallen considerably in the last 6 months. The average price for October is $392,967. During November the price had a slight fall till $355,635. During the following two months (December, January) the average price had a considerable reduction of 75 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $328,169 to $170,306, which means a 52 % fall.