Property prices for sale in Kalamazoo (Michigan)
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 October, the average price per sq.feet was $155. In November this price pretty much remained the same at a value of $150 per sq.feet. The price for the following two months in (December, January) had a considerable increment of 255 %. The price per sq.feet has had a considerable increase of 144 % 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 $271 to $390 during February, and March.
Based upon to the price in Kalamazoo (cities), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $256,635. In November This price remains at $258,553. During the following two months (December, January) the average price had a considerable increase of 124 % 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 gone up 110 % 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 $357,040 they are 25 % more affordable than the average price for Kalamazoo. The properties with the highest average price have 4 bedrooms, Their price is 14 % more costly than the average. After that we have properties with 2 bedrooms priced at $301,788.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $192 / sq.feet, with an average $607 / sq.feet price in Kalamazoo. The properties with the highest average prices have 4 bedrooms. They are 172 % more expensive than the average followed by properties with 1 bedroom with a price at $234 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $357,040 it is 73 % cheaper than the average price in Kalamazoo. "Triplex" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Condo". At a price of $378,870 it is 43 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Triplex" at an average cost of $63 / sq.feet followed by "Condo" priced at $207 / sq.feet. "Land" is the most costly type of property with a $45,597 / sq.feet cost followed by "Commercial" with an average price of $1,184 / sq.feet.
