Property prices for sale in Ortonville (Michigan)
The prices in real estate in Ortonville, 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 Ortonville has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $598. In the following month the price per sq.feet decreased considerably to $201. The price for the following two months in (December, January) had a considerable decrease of 48 with regard to the prior two months. 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 $294.75 to $203.5 during February, and March.
Based upon to the price in Ortonville (cities), this has gone up in the last 6 months. In our first sample month during October, the average price is $365,264. In November This price remains at $351,043. During the following two months (December, January) the price has had an average incrementation from $358,153.5 to $377,632. Based on an analysis of the first four prices and the last two months the average price has risen strongly 117 % 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 $408,225 they are 38 % more affordable than the average price for Ortonville. The properties with the highest average price have 4 bedrooms, Their price is 56 % more costly than the average. After that we have properties with 3 bedrooms priced at $397,101.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $176 / sq.feet, with an average $218 / sq.feet price in Ortonville. The properties with the highest average prices have 2 bedrooms. They are 9 % more expensive than the average followed by properties with 1 bedroom with a price at $222 / sq.feet.
The graph displaying the average prices displays the property type "Multi Family House" as the most affordable one. At an cost of $408,225 it is 37 % cheaper than the average price in Ortonville. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $260,374 it is 16 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Multi Family House" at an average cost of $50 / sq.feet followed by "Condo" priced at $61 / sq.feet. "House" is the cheapest type of property with a $191 / sq.feet value followed by "Condo" with an average price of $61 / sq.feet.
