The prices in real estate in New Baltimore, 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 New Baltimore has had a strong decrease during the last 6 months. In January, the average price per sq.feet was $177. In the following month the price per sq.feet decreased considerably to $129. The price for the following two months in (March, April) decreased 94 % with regard to the prior two months. The price per sq.feet has increased 110 % 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 $148.25 to $163.5 during May, and June.
Based upon to the price in New Baltimore (cities), this has fallen considerably in the last 6 months. The average price for January is $499,200. During February the price had a considerable reduction till $371,190. During the following two months (March, April) the average price had a considerable reduction of 76 % 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 87 %, going from $381,888 to $330,405 in May and June.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the most costly ones. At a price of $330,522 they are 6 % more expensive than the average price for New Baltimore. Following this ranking we find those properties with 2 at an average price of $438,241. The properties with the highest average price have 1 bedroom, Their price is 33 % more costly than the average. After that we have properties with 2 bedrooms priced at $438,241.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $96 / sq.feet, with an average $163 / sq.feet price in New Baltimore. The properties with the lowest average prices have 1 bedroom. They are 34 % cheaper than the average followed by properties with 2 bedrooms with a price at $103 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most costly one. At an cost of $330,522 it is 6 % more expensive than the average price in New Baltimore. "Duplex" is seen as the second dearest property type. The dearest property type is "Townhouse" followed by "Duplex". At a price of $431,208 it is 32 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $96 / sq.feet followed by "Townhouse" priced at $102 / sq.feet. "Townhouse" is the cheapest type of property with a $102 / sq.feet value followed by "Condo" with an average price of $96 / sq.feet.