The prices in real estate in Portland, 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 Portland has increased strongly during the last 6 months. In November, the average price per sq.feet was $120. In December this price pretty much remained the same at a value of $119 per sq.feet. The price for the following two months in (January, February) had a considerable increment of 135 %. The price per sq.feet has increased 112 % 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 $140.5 to $157 during March, and April.
Based upon to the price in Portland (cities), this has gone up considerably in the last 6 months. The price in November is $163,869, rising in December till $173,248. During the following two months (January, February) the average price had a considerable increase of 184 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 138 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $335,217 they are 89 % more affordable than the average price for Portland. The properties with the lowest average price have 1 bedroom, Their price is 22 % cheaper than the average. After that we have properties with 4 bedrooms priced at $258,510.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $101 / sq.feet, with an average $158 / sq.feet price in Portland. The properties with the highest average prices have 3 bedrooms. They are 924 % more expensive than the average followed by properties with 1 bedroom with a price at $109 / sq.feet.
With regard to the average price based upon the property in Portland we can see that the cheapest property type is "House" at a price of $258,510, they are 23 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 23 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $101 / sq.feet. "House" with an average cost of $101 / sq.feet has the lowest price and would be directed at less affluent cities.