The prices in real estate in Lake Orion, in the Michigan region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Lake Orion has remained the same in the last 6 months. In February, the average price per sq.feet was $166. In March this price pretty much remained the same at a value of $167 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $166.5 to $160.5 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $163.5 to $163.5 during June y July
Based upon to the price in Lake Orion (cities), this has fallen considerably in the last 6 months. In our first sample month during February, the average price is $527,369. In March This price remains at $524,402. During the following two months (April, May) the average price had a considerable reduction of 83 % 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 87 %, going from $480,467.25 to $417,863.5 in June and July.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $412,322 they are 48 % more affordable than the average price for Lake Orion. The properties with the highest average price have 3 bedrooms, Their price is 154 % more costly than the average. After that we have properties with 4 bedrooms priced at $514,324.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $137 / sq.feet, with an average $164 / sq.feet price in Lake Orion. The properties with the highest average prices have 3 bedrooms. They are 116 % more expensive than the average followed by properties with 2 bedrooms with a price at $160 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $412,322 it is 2 % cheaper than the average price in Lake Orion. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $404,760 it is 16 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $132 / sq.feet followed by "Townhouse" priced at $137 / sq.feet. "House" is the cheapest type of property with a $149 / sq.feet value followed by "Townhouse" with an average price of $137 / sq.feet.