The prices in real estate in Portage, in the Michigan region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Portage has increased strongly during the last 6 months. In April, the average price per sq.feet was $127. In the following month the price per sq.feet increased considerably to $200. The price for the following two months in (June, July) had a considerable increment of 254 %. The price per sq.feet has had a considerable deflation of 44 % 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 $289 to $127.5 during August, and September.
Based upon to the price in Portage (cities), these have remained the same in the last 6 months. In our first sample month during April, the average price is $282,411. In May This price remains at $278,022. In the following two months the average price has remained the same with regard to the previous two months from $280,216.5 to $272,613.5. 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 $276,415 and $282,059 between August and September.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $282,532 they are 0 % more affordable than the average price for Portage. The properties with the lowest average price have 1 bedroom, Their price is 0 % cheaper than the average. After that we have properties with 2 bedrooms priced at $281,470.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $114 / sq.feet, with an average $124 / sq.feet price in Portage. The properties with the highest average prices have 1 bedroom. They are 2 % more expensive than the average followed by properties with 2 bedrooms with a price at $114 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $282,532 it is 2 % cheaper than the average price in Portage. "Apartment" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "Duplex". At a price of $281,801 it is 0 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $108 / sq.feet followed by "Office" priced at $109 / sq.feet. "Apartment" is the cheapest type of property with a $114 / sq.feet value followed by "Office" with an average price of $109 / sq.feet.