Property prices for sale in Petoskey (Michigan)
The prices in real estate in Petoskey, 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 Petoskey has remained the same in the last 6 months. In October, the average price per sq.feet was $4,144. In the following month the price per sq.feet increased to $4,484. 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 210 % 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 $2,947.25 to $6,176 during February, and March.
Based upon to the price in Petoskey (cities), these have remained the same in the last 6 months. The average price for October is $437,315. During November the price had a considerable reduction till $363,609. During the following two months (December, January) the price has had an average incrementation from $400,462 to $439,757. 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 displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $413,735 they are 18 % more affordable than the average price for Petoskey. The properties with the highest average price have 4 bedrooms, Their price is 127 % more costly than the average. After that we have properties with 1 bedroom priced at $558,167.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $245 / sq.feet, with an average $6,443 / sq.feet price in Petoskey. The properties with the lowest average prices have 1 bedroom. They are 90 % cheaper than the average followed by properties with 4 bedrooms with a price at $314 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $413,735 it is 80 % cheaper than the average price in Petoskey. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $461,644 it is 56 % 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 $277 / sq.feet followed by "Condo" priced at $425 / sq.feet. "Land" is the most costly type of property with a $43,807 / sq.feet cost followed by "Condo" with an average price of $425 / sq.feet.
