The prices in real estate in Pontiac, 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 Pontiac has remained the same in the last 6 months. In April, the average price per sq.feet was $82. In May this price pretty much remained the same at a value of $84 per sq.feet. In the following two months the price per sq.feet has increased 107 %, going from $83 to $88.5 per sq.feet. The price per sq.feet has decreased 92 % 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 $85.75 to $79 during August, and September.
Based upon to the price in Pontiac (cities), this has fallen considerably in the last 6 months. The average price for April is $237,625. During May the price had a considerable reduction till $114,484. During the following two months (June, July) the average price had a considerable reduction of 64 % 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 $144,590.5 to $98,448.5, which means a 68 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $91,904 they are 59 % more affordable than the average price for Pontiac. The properties with the lowest average price have 4 bedrooms, Their price is 3 % cheaper than the average. After that we have properties with 2 bedrooms priced at $71,061.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $49 / sq.feet, with an average $75 / sq.feet price in Pontiac. The properties with the highest average prices have 2 bedrooms. They are 3 % more expensive than the average followed by properties with 1 bedroom with a price at $58 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $91,904 it is 28 % cheaper than the average price in Pontiac. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Duplex". At a price of $248,487 it is 550 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $51 / sq.feet followed by "Apartment" priced at $53 / sq.feet. "Condo" is the most costly type of property with a $684 / sq.feet cost followed by "Duplex" with an average price of $564 / sq.feet.