The prices in real estate in Lake Orion, in the Michigan region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Lake Orion has increased during the last 6 months. In June, the average price per sq.feet was $161. In the following month the price per sq.feet increased considerably to $274. The price for the following two months in (August, September) had a considerable decrease of 69 with regard to the prior two months. The price per sq.feet has decreased 93 % 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 $184.25 to $172 during October, and November.
Based upon to the price in Lake Orion (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during June, is $233,372. During July the price went through a considerable rise reaching $608,918. During the following two months (August, September) the average price had a considerable reduction of 71 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $361,126.75 and $365,516 between October and November.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $485,460 they are 56 % more affordable than the average price for Lake Orion. The properties with the highest average price have 3 bedrooms, Their price is 117 % more costly than the average. After that we have properties with 4 bedrooms priced at $518,460.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $145 / sq.feet, with an average $183 / sq.feet price in Lake Orion. The properties with the highest average prices have 3 bedrooms. They are 98 % more expensive than the average followed by properties with 2 bedrooms with a price at $168 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $485,460 it is 16 % cheaper than the average price in Lake Orion. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of $408,017 it is 1 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $140 / sq.feet followed by "Townhouse" priced at $145 / sq.feet. "House" is the cheapest type of property with a $157 / sq.feet value followed by "Townhouse" with an average price of $145 / sq.feet.