Property prices for sale in Melvin (Michigan)
The prices in real estate in Melvin, 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 Melvin has increased strongly during the last 6 months. In November, the average price per sq.feet was $157. In December this price pretty much remained the same at a value of $153 per sq.feet. The price for the following two months in (January, February) had a considerable increment of 2093 %. The price per sq.feet has had a considerable deflation of 5 % 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 $1,699.25 to $78 during March, and April.
Based upon to the price in Melvin (cities), this has fallen considerably in the last 6 months. The price in November is $390,067, rising in December till $437,650. During the following two months (January, February) the average price fell 91 % 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 $395,695.75 to $205,356.5, which means a 52 % fall.
