Property prices for sale in New Buffalo (Michigan)
The prices in real estate in New Buffalo, 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 New Buffalo has increased strongly during the last 6 months. In October, the average price per sq.feet was $375. In the following month the price per sq.feet increased to $401. In the following two months the price per sq.feet has increased 112 %, going from $388 to $436 per sq.feet. The price per sq.feet has had a considerable increase of 141 % 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 $412 to $579.5 during February, and March.
Based upon to the price in New Buffalo (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $852,368. During November the price went through a considerable rise reaching $1,040,980. During the following two months (December, January) the price has had an average incrementation from $946,674 to $1,032,825.5. Based on an analysis of the first four prices and the last two months the average price has gone up 106 % 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 $1,079,255 they are 61 % more affordable than the average price for New Buffalo. The properties with the highest average price have 4 bedrooms, Their price is 40 % more costly than the average. After that we have properties with 3 bedrooms priced at $559,267.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $384 / sq.feet, with an average $505 / sq.feet price in New Buffalo. The properties with the highest average prices have 1 bedroom. They are 57 % more expensive than the average followed by properties with 4 bedrooms with a price at $437 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $1,079,255 it is 60 % cheaper than the average price in New Buffalo. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $701,660 it is 3 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $210 / sq.feet followed by "House" priced at $439 / sq.feet. "Land" is the most costly type of property with a $261,641 / sq.feet cost followed by "Condo" with an average price of $637 / sq.feet.
