The prices in real estate in Ludington, 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 Ludington has increased strongly during the last 6 months. In November, the average price per sq.feet was $118. In the following month the price per sq.feet increased to $135. In the following two months the price per sq.feet has barely changed, going from $126.5 to $127.5 per sq.feet. The price per sq.feet has had a considerable increase of 126 % 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 $127 to $160 during March, and April.
Based upon to the price in Ludington (cities), this has gone up considerably in the last 6 months. The average price for November is $287,698. During December the price had a slight fall till $258,238. During the following two months (January, February) the average price had a considerable increase of 116 % 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 risen strongly 132 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $387,733 they are 57 % more affordable than the average price for Ludington. The properties with the lowest average price have 4 bedrooms, Their price is 18 % cheaper than the average. After that we have properties with 2 bedrooms priced at $236,908.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $111 / sq.feet, with an average $161 / sq.feet price in Ludington. The properties with the highest average prices have 2 bedrooms. They are 2 % more expensive than the average followed by properties with 4 bedrooms with a price at $144 / sq.feet.
The graph displaying the average prices displays the property type "" as the most affordable one. At an cost of $387,733 it is 93 % cheaper than the average price in Ludington. "Condo" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $351,201 it is 54 % 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 $101 / sq.feet followed by "House" priced at $138 / sq.feet. "Condo" is the most costly type of property with a $168 / sq.feet cost followed by "House" with an average price of $138 / sq.feet.