The prices in real estate in Marquette, 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 Marquette has had a strong decrease during the last 6 months. In May, the average price per sq.feet was $1,575. In the following month the price per sq.feet decreased considerably to $649. The price for the following two months in (July, August) had a considerable decrease of 56 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 16 % 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 $865.75 to $140.5 during September, and October.
Based upon to the price in Marquette (cities), this has fallen considerably in the last 6 months. The average price for May is $268,914. During June the price had a considerable reduction till $209,650. During the following two months (July, August) the average price fell 87 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 92 %, going from $223,219 to $204,511.5 in September and October.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the most costly ones. At a price of $206,023 they are 107 % more expensive than the average price for Marquette. Following this ranking we find those properties with 4 at an average price of $2,560,446. The properties with the highest average price have 3 bedrooms, Their price is 2489 % more costly than the average. After that we have properties with 4 bedrooms priced at $2,560,446.
With regard to the average price per sq.feet , those properties with 1 bedroom are the most costly ones at a cost of $1,087 / sq.feet, with an average $141 / sq.feet price in Marquette. The properties with the highest average prices have 4 bedrooms. They are 978 % more expensive than the average followed by properties with 3 bedrooms with a price at $1,231 / sq.feet.
The graph displaying the average prices displays the property type "Detached House" as the most costly one. At an cost of $206,023 it is 1143 % more expensive than the average price in Marquette. "Duplex" is seen as the second dearest property type. The dearest property type is "Duplex" followed by "Detached House". At a price of $2,560,446 it is 2463 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Duplex" at an average cost of $1,211 / sq.feet followed by "Detached House" priced at $1,520 / sq.feet. "Detached House" is the most costly type of property with a $1,520 / sq.feet cost followed by "Duplex" with an average price of $1,211 / sq.feet.