The prices in real estate in New Hudson, 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 Hudson has had a strong decrease during the last 6 months. In September, the average price per sq.feet was $1,541. In the following month the price per sq.feet decreased considerably to $706. The price for the following two months in (November, December) had a considerable decrease of 34 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 61 % 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 $754.75 to $460 during January, and February.
Based upon to the price in New Hudson (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during September, is $308,491. During October the price went through a considerable rise reaching $612,292. In the following two months the average price has remained the same with regard to the previous two months from $460,391.5 to $452,197. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from $456,294.25 to $426,482.5 in January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $378,470 they are 85 % more affordable than the average price for New Hudson. Based on the bedrooms values, properties with the highest prices are those with 3 bedrooms. They are 44 % more expensive than the average aforementioned.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $72 / sq.feet, with an average $222 / sq.feet price in New Hudson. Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 2 bedrooms. They are 17 % more costly than the average value aforementioned.