Property prices for sale in Paw Paw (Michigan)
The prices in real estate in Paw Paw, 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 Paw Paw has increased strongly during the last 6 months. In October, the average price per sq.feet was $150. In the following month the price per sq.feet increased considerably to $266. The price for the following two months in (December, January) had a considerable increment of 169 %. The price per sq.feet has had a considerable increase of 623 % 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 $279.25 to $1,741 during February, and March.
Based upon to the price in Paw Paw (cities), this has gone up in the last 6 months. The price in October is $250,371, rising in November till $266,118. During the following two months (December, January) the average price had a considerable increase of 118 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $281,400.5 and $280,472 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $279,452 they are 38 % more affordable than the average price for Paw Paw. The properties with the highest average price have 4 bedrooms, Their price is 21 % more costly than the average. After that we have properties with 3 bedrooms priced at $295,538.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $161 / sq.feet, with an average $1,807 / sq.feet price in Paw Paw. The properties with the lowest average prices have 1 bedroom. They are 80 % cheaper than the average followed by properties with 3 bedrooms with a price at $198 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $279,452 it is 49 % cheaper than the average price in Paw Paw. "House" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "House". At a price of $301,396 it is 80 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $181 / sq.feet followed by "Detached House" priced at $192 / sq.feet. "Land" is the most costly type of property with a $18,435 / sq.feet cost followed by "Detached House" with an average price of $192 / sq.feet.
