The prices in real estate in Mackinac Island, 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 Mackinac Island has remained the same in the last 6 months. In November, the average price per sq.feet was $43,923. In the following month the price per sq.feet decreased considerably to $24,081. The price for the following two months in (January, February) decreased 88 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 229 % 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 $31,972.75 to $73,223.5 during March, and April.
Based upon to the price in Mackinac Island (cities), this has gone up in the last 6 months. The average price during our first sample month during November, is $2,000,227. During December the price went through a considerable rise reaching $2,540,938. During the following two months (January, February) the average price had a considerable increase of 116 % 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 $2,455,809 to $1,613,569.5, which means a 66 % fall.