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 April, the average price per sq.feet was $608. In the following month the price per sq.feet decreased considerably to $389. The price for the following two months in (June, July) had a considerable decrease of 65 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 34 % 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 $412.25 to $140.5 during August, and September.
Based upon to the price in Manistee (cities), these have remained the same in the last 6 months. The average price for April is $237,376. During May the price had a slight fall till $218,169. In the following two months the average price has remained the same with regard to the previous two months from $227,772.5 to $230,974. 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 $229,373.25 and $228,331.5 between August and September.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $223,619 they are 23 % more affordable than the average price for Manistee. The properties with the highest average price have 4 bedrooms, Their price is 26 % more costly than the average. After that we have properties with 3 bedrooms priced at $243,990.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $104 / sq.feet, with an average $164 / sq.feet price in Manistee. The properties with the highest average prices have 3 bedrooms. They are 43 % more expensive than the average followed by properties with 2 bedrooms with a price at $151 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $223,619 it is 51 % cheaper than the average price in Manistee. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $241,523 it is 8 % 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 $139 / sq.feet followed by "Condo" priced at $173 / sq.feet. "Land" is the most costly type of property with a $365 / sq.feet cost followed by "Condo" with an average price of $173 / sq.feet.