The prices in real estate in Michigan Center, 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 Michigan Center has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $103. In December this price pretty much remained the same at a value of $103 per sq.feet. The price for the following two months in (January, February) had a considerable decrease of 0 with regard to the prior two months. The price per sq.feet has had a considerable increase of 198 % 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 $51.5 to $102 during March, and April.
Based upon to the price in Michigan Center (cities), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $167,664. In December This price remains at $167,664. During the following two months (January, February) the average price had a considerable reduction of 0 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 200 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $167,496 they are 1 % more affordable than the average price for Michigan Center. The properties with the lowest average price have 1 bedroom, Their price is 0 % cheaper than the average. After that we have properties with 2 bedrooms priced at $166,491.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $96 / sq.feet, with an average $102 / sq.feet price in Michigan Center. The properties with the lowest average prices have 1 bedroom. They are 1 % cheaper than the average followed by properties with 2 bedrooms with a price at $96 / 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 $166,491, they are 1 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 1 % 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 $96 / sq.feet. "House" with an average cost of $96 / sq.feet has the lowest price and would be directed at less affluent cities.