The prices in real estate in Petoskey, in the Michigan region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Petoskey has increased during the last 6 months. In April, the average price per sq.feet was $221. In May this price pretty much remained the same at a value of $222 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $221.5 to $226 per sq.feet. The price per sq.feet has had a considerable increase of 125 % 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 $223.75 to $280.5 during August, and September.
Based upon to the price in Petoskey (cities), this has fallen considerably in the last 6 months. In our first sample month during April, the average price is $185,625. In May This price remains at $186,600. During the following two months (June, July) the average price had a considerable reduction of 39 % 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 $129,223 and $126,233 between August and September.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the most costly ones. At a price of $133,833 they are 128 % more expensive than the average price for Petoskey. Following this ranking we find those properties with 2 at an average price of $638,449. The properties with the highest average price have 2 bedrooms, Their price is 377 % more costly than the average. After that we have properties with 1 bedroom priced at $305,807.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $122 / sq.feet, with an average $418 / sq.feet price in Petoskey. The properties with the lowest average prices have 2 bedrooms. They are 62 % cheaper than the average followed by properties with 1 bedroom with a price at $122 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most costly one. At an cost of $133,833 it is 377 % more expensive than the average price in Petoskey. "Condo" is seen as the second dearest property type. The dearest property type is "Condo" followed by "Apartment". At a price of $638,449 it is 468 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $158 / sq.feet followed by "Condo" priced at $167 / sq.feet. "Condo" is the cheapest type of property with a $167 / sq.feet value followed by "Apartment" with an average price of $158 / sq.feet.