The prices in real estate in Michigan Center, 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 Michigan Center has increased strongly during the last 6 months. In October, the average price per sq.feet was $218. In November this price pretty much remained the same at a value of $216 per sq.feet. The price for the following two months in (December, January) had a considerable decrease of 77 with regard to the prior two months. The price per sq.feet has had a considerable increase of 4109 % 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 $191.75 to $7,878.5 during February, and March.
Based upon to the price in Michigan Center (cities), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $274,272. In November This price remains at $268,736. During the following two months (December, January) the average price had a considerable reduction of 83 % 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 $247,875.75 to $204,965, which means a 83 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $166,700 they are 4 % more affordable than the average price for Michigan Center. The properties with the lowest average price have 1 bedroom, Their price is 4 % cheaper than the average. After that we have properties with 2 bedrooms priced at $159,299.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $52 / sq.feet, with an average $13,436 / sq.feet price in Michigan Center. The properties with the lowest average prices have 1 bedroom. They are 100 % cheaper than the average followed by properties with 2 bedrooms with a price at $52 / sq.feet.
With regard to the average price based upon the property in Michigan Center we can see that the cheapest property type is "House" at a price of $159,299, they are 4 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 4 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $52 / sq.feet. "House" with an average cost of $52 / sq.feet has the lowest price and would be directed at less affluent cities.