The prices in real estate in Newport, in the Michigan region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Newport has increased during the last 6 months. In November, the average price per sq.feet was $90. In the following month the price per sq.feet increased considerably to $115. In the following two months the price per sq.feet has increased 112 %, going from $102.5 to $115 per sq.feet. The price per sq.feet has had a considerable deflation of 69 % 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 $108.75 to $75 during March, and April.
Based upon to the price in Newport (cities), this has gone up considerably in the last 6 months. The price in November is $142,104, rising in December till $154,837. During the following two months (January, February) the average price had a considerable increase of 155 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $189,183.75 to $126,879, which means a 67 % fall.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 76 % cheaper than the average price of $30,636 in Newport. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 76 % more affordable than the average aforementioned.
The graph displaying the average prices displays the property type "" as the most affordable one. At an cost of $127,592 it is 76 % cheaper than the average price in Newport. "House" is seen as the second most affordable property type. The dearest property type is "Commercial Property" followed by "House". At a price of $40,737 it is 34 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial Property" at an average cost of $61 / sq.feet followed by "House" priced at $102 / sq.feet. "House" is the most costly type of property with a $102 / sq.feet cost followed by "Commercial Property" with an average price of $61 / sq.feet.