The prices in real estate in Munising, 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 Munising has increased strongly during the last 6 months. In July, the average price per sq.feet was $119. In August this price pretty much remained the same at a value of $114 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $116.5 to $114.5 per sq.feet. The price per sq.feet has had a considerable increase of 156 % 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 $115.5 to $180 during November, and December.
Based upon to the price in Munising (cities), this has gone up in the last 6 months. In our first sample month during July, the average price is $186,700. In August This price remains at $187,638. In the following two months the average price has remained the same with regard to the previous two months from $187,169 to $184,446. Based on an analysis of the first four prices and the last two months the average price has risen strongly 127 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 36 % cheaper than the average price of $137,917 in Munising. Based on the bedrooms values, properties with the highest prices are those with 2 bedrooms. They are 17 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 2 bedrooms are 20 % cheaper than the average price of ($141 / sq.feet) in Munising. Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 4 % more costly than the average value aforementioned.