Property prices for sale in Manistee (Michigan)
The prices in real estate in Manistee, in the Michigan region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Manistee has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $819. In the following month the price per sq.feet decreased considerably to $256. The price for the following two months in (December, January) had a considerable decrease of 37 with regard to the prior two months. The price per sq.feet has had a considerable increase of 133 % 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 $367.5 to $488.5 during February, and March.
Based upon to the price in Manistee (cities), this has gone downing the last 6 months. The average price for October is $322,011. During November the price had a slight fall till $275,464. In the following two months the average price has remained the same with regard to the previous two months from $298,737.5 to $288,326.5. Based on an analysis of the first four prices and the last two months the average price has gone up 107 % 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 $316,089 they are 35 % more affordable than the average price for Manistee. The properties with the highest average price have 4 bedrooms, Their price is 80 % more costly than the average. After that we have properties with 3 bedrooms priced at $339,614.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $194 / sq.feet, with an average $617 / sq.feet price in Manistee. The properties with the lowest average prices have 1 bedroom. They are 53 % cheaper than the average followed by properties with 2 bedrooms with a price at $275 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $316,089 it is 38 % cheaper than the average price in Manistee. "Land" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "House". At a price of $299,482 it is 62 % 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 $172 / sq.feet followed by "Commercial" priced at $249 / sq.feet. "Land" is the most costly type of property with a $35,260 / sq.feet cost followed by "Condo" with an average price of $332 / sq.feet.
