The prices in real estate in Ontonagon, 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 Ontonagon has increased strongly during the last 6 months. In October, the average price per sq.feet was $1,229. In the following month the price per sq.feet increased considerably to $3,960. The price for the following two months in (December, January) had a considerable decrease of 37 with regard to the prior two months. The price per sq.feet has had a considerable increase of 1053 % 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 $1,779.5 to $18,743.5 during February, and March.
Based upon to the price in Ontonagon (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $194,894. During November the price went through a considerable rise reaching $233,152. In the following two months the average price has remained the same with regard to the previous two months from $214,023 to $218,413. Based on an analysis of the first four prices and the last two months the average price has gone up 110 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 38 % cheaper than the average price of $119,900 in Ontonagon. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 38 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 99 % cheaper than the average price of ($100 / sq.feet) in Ontonagon. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 99 % cheaper than the average value aforementioned.