The prices in real estate in Northport, 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 Northport has increased strongly during the last 6 months. In October, the average price per sq.feet was $255. In the following month the price per sq.feet increased to $289. In the following two months the price per sq.feet has barely changed, going from $272 to $280.5 per sq.feet. The price per sq.feet has had a considerable increase of 186 % 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 $276.25 to $515 during February, and March.
Based upon to the price in Northport (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $667,917. During November the price went through a considerable rise reaching $954,488. During the following two months (December, January) the average price had a considerable reduction of 82 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 134 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,418,333 they are 79 % more affordable than the average price for Northport. The properties with the lowest average price have 4 bedrooms, Their price is 44 % cheaper than the average. After that we have properties with 3 bedrooms priced at $603,703.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $207 / sq.feet, with an average $759 / sq.feet price in Northport. The properties with the lowest average prices have 3 bedrooms. They are 67 % cheaper than the average followed by properties with 1 bedroom with a price at $251 / sq.feet.
With regard to the average price based upon the property in Northport we can see that most expensive property type is "Land" at a price of $1,841,996, they are 30 % more costly than the average price of (!PRECIO2!). "Land" has the highest price. This price is 30 % more expensive than the average price aforementioned.
According to the average area price by sq.feet the most costly property type is "Land with an average price of $3,757 / sq.feet. "Land" at an average price of $3,757 / sq.feet has the most expensive price and would be directed at more affluent cities.