Property prices for sale in Lapeer (Michigan)
The prices in real estate in Lapeer, 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 Lapeer has increased strongly during the last 6 months. In October, the average price per sq.feet was $181. In November this price pretty much remained the same at a value of $189 per sq.feet. The price for the following two months in (December, January) decreased 94 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 853 % 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 $179.25 to $1,529 during February, and March.
Based upon to the price in Lapeer (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $281,000. In November This price remains at $285,441. In the following two months the average price has remained the same with regard to the previous two months from $283,220.5 to $294,856.5. 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 $289,038.5 and $300,018 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $306,835 they are 35 % more affordable than the average price for Lapeer. The properties with the lowest average price have 3 bedrooms, Their price is 0 % cheaper than the average. After that we have properties with 2 bedrooms priced at $233,470.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $68 / sq.feet, with an average $2,578 / sq.feet price in Lapeer. The properties with the lowest average prices have 3 bedrooms. They are 93 % cheaper than the average followed by properties with 2 bedrooms with a price at $138 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $306,835 it is 39 % cheaper than the average price in Lapeer. "Condo" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "Condo". At a price of $198,288 it is 35 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $63 / sq.feet followed by "Apartment" priced at $68 / sq.feet. "Office" is the cheapest type of property with a $299 / sq.feet value followed by "Apartment" with an average price of $68 / sq.feet.
