The prices in real estate in Kalamazoo, 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 Kalamazoo has increased strongly during the last 6 months. In April, the average price per sq.feet was $123. In May this price pretty much remained the same at a value of $123 per sq.feet. The price for the following two months in (June, July) had a considerable increment of 333 %. The price per sq.feet has had a considerable deflation of 41 % 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 $266.25 to $109 during August, and September.
Based upon to the price in Kalamazoo (cities), this has fallen considerably in the last 6 months. The average price for April is $283,480. During May the price had a slight fall till $255,185. During the following two months (June, July) the average price fell 92 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 86 %, going from $257,956.75 to $221,927 in 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 $228,307 they are 54 % more affordable than the average price for Kalamazoo. The properties with the highest average price have 4 bedrooms, Their price is 59 % more costly than the average. After that we have properties with 3 bedrooms priced at $301,452.
With regard to the average price per sq.feet , those properties with 1 bedroom are the most costly ones at a cost of $118 / sq.feet, with an average $110 / sq.feet price in Kalamazoo. The properties with the highest average prices have 2 bedrooms. They are 543 % more expensive than the average followed by properties with 3 bedrooms with a price at $143 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $228,307 it is 42 % cheaper than the average price in Kalamazoo. "Land" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "Townhouse". At a price of $291,837 it is 31 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Condo" at an average cost of $112 / sq.feet followed by "Townhouse" priced at $113 / sq.feet. "Land" is the most costly type of property with a $773 / sq.feet cost followed by "House" with an average price of $490 / sq.feet.