The prices in real estate in Port Huron, 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 Huron has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $116. In the following month the price per sq.feet decreased to $101. The price for the following two months in (September, October) decreased 89 % with regard to the prior two months. The price per sq.feet has decreased 93 % 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 $102.5 to $95.5 during November, and December.
Based upon to the price in Port Huron (cities), this has fallen considerably in the last 6 months. The average price for July is $206,153. During August the price had a slight fall till $180,207. During the following two months (September, October) the average price had a considerable reduction of 83 % 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 $176,679.25 to $136,802.5, which means a 77 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $140,398 they are 65 % more affordable than the average price for Port Huron. The properties with the highest average price have 2 bedrooms, Their price is 43 % more costly than the average. After that we have properties with 3 bedrooms priced at $111,523.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the most costly ones at a cost of $281 / sq.feet, with an average $97 / sq.feet price in Port Huron. The properties with the highest average prices have 2 bedrooms. They are 476 % more expensive than the average followed by properties with 1 bedroom with a price at $325 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $140,398 it is 43 % cheaper than the average price in Port Huron. "Condo" is seen as the second most affordable property type. The cheapest type property is "Townhouse" followed by "Condo". At a price of $85,400 it is 2 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $54 / sq.feet followed by "House" priced at $119 / sq.feet. "Condo" is the most costly type of property with a $384 / sq.feet cost followed by "House" with an average price of $119 / sq.feet.