The prices in real estate in Ontonagon, in the Michigan region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Ontonagon has remained the same in the last 6 months. In July, the average price per sq.feet was $135. In the following month the price per sq.feet increased considerably to $175. The price for the following two months in (September, October) decreased 86 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 73 % 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 $144.25 to $105.5 during November, and December.
Based upon to the price in Ontonagon (cities), these have remained the same in the last 6 months. The average price during our first sample month during July, is $150,312. During August the price went through a considerable rise reaching $214,446. During the following two months (September, October) the average price fell 91 % 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 $174,258.5 to $113,523.5, which means a 65 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $106,575 they are 19 % more affordable than the average price for Ontonagon. The properties with the highest average price have 3 bedrooms, Their price is 33 % more costly than the average. After that we have properties with 2 bedrooms priced at $91,267.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $52 / sq.feet, with an average $96 / sq.feet price in Ontonagon. The properties with the highest average prices have 1 bedroom. They are 120 % more expensive than the average followed by properties with 3 bedrooms with a price at $95 / sq.feet.
With regard to the average price based upon the property in Ontonagon we can see that most expensive property type is "House" at a price of $108,638, they are 2 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 2 % more expensive than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $94 / sq.feet. "House" with an average cost of $94 / sq.feet has the lowest price and would be directed at less affluent cities.