Property prices for sale in Mancelona (Michigan)
The prices in real estate in Mancelona, 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 Mancelona has increased strongly during the last 6 months. In November, the average price per sq.feet was $624. In the following month the price per sq.feet decreased considerably to $193. The price for the following two months in (January, February) had a considerable increment of 156 %. The price per sq.feet has had a considerable increase of 219 % 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 $522 to $1,142.5 during March, and April.
Based upon to the price in Mancelona (cities), this has gone downing the last 6 months. In our first sample month during November, the average price is $201,037. In December This price remains at $207,459. During the following two months (January, February) the average price fell 86 % 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 $189,546 to $158,219, which means a 83 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $193,889 they are 45 % more affordable than the average price for Mancelona. The properties with the highest average price have 4 bedrooms, Their price is 84 % more costly than the average. After that we have properties with 3 bedrooms priced at $279,817.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $154 / sq.feet, with an average $442 / sq.feet price in Mancelona. The properties with the lowest average prices have 1 bedroom. They are 31 % cheaper than the average followed by properties with 4 bedrooms with a price at $229 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $193,889 it is 75 % cheaper than the average price in Mancelona. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $154,925 it is 20 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $179 / sq.feet followed by "Condo" priced at $271 / sq.feet. "Land" is the most costly type of property with a $8,767 / sq.feet cost followed by "Condo" with an average price of $271 / sq.feet.
