The prices in real estate in Lake Linden, in the Michigan region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Lake Linden has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $3,814. In November this price pretty much remained the same at a value of $3,983 per sq.feet. The price for the following two months in (December, January) had a considerable decrease of 5 with regard to the prior two months. The price per sq.feet has had a considerable increase of 287 % 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 $2,047.5 to $5,866.5 during February, and March.
Based upon to the price in Lake Linden (cities), these have remained the same in the last 6 months. The average price for October is $188,369. During November the price had a slight fall till $166,123. During the following two months (December, January) the average price had a considerable increase of 133 % 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 $206,744 to $154,353.5, which means a 75 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the most costly ones. At a price of $140,530 they are 11 % more expensive than the average price for Lake Linden. Following this ranking we find those properties with 1 at an average price of $167,967. Based on the bedrooms values, properties with the highest prices are those with 3 bedrooms. They are 201 % more expensive than the average aforementioned.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $185 / sq.feet, with an average $6,136 / sq.feet price in Lake Linden. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 3 bedrooms. They are 95 % cheaper than the average value aforementioned.