The prices in real estate in Port Hope, 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 Port Hope has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $21,303. In the following month the price per sq.feet decreased considerably to $145. The price for the following two months in (January, February) had a considerable decrease of 60 with regard to the prior two months. The price per sq.feet has had a considerable increase of 198 % 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 $8,595.25 to $17,002.5 during March, and April.
Based upon to the price in Port Hope (cities), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $217,671. In December This price remains at $212,950. During the following two months (January, February) the average price fell 91 % 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 $205,778.25 to $152,868.5, which means a 74 % fall.