Property prices for sale in Portland (Michigan)
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 October, the average price per sq.feet was $205. In the following month the price per sq.feet decreased to $194. The price for the following two months in (December, January) had a considerable decrease of 69 with regard to the prior two months. The price per sq.feet has had a considerable increase of 835 % 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 $168.25 to $1,405.5 during February, and March.
Based upon to the price in Portland (cities), this has fallen considerably in the last 6 months. The average price for October is $349,680. During November the price had a slight fall till $323,103. During the following two months (December, January) the average price had a considerable reduction of 75 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 86 %, going from $293,923.75 to $254,128 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $255,325 they are 41 % more affordable than the average price for Portland. The properties with the highest average price have 2 bedrooms, Their price is 14 % more costly than the average. After that we have properties with 4 bedrooms priced at $279,932.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $118 / sq.feet, with an average $1,826 / sq.feet price in Portland. The properties with the lowest average prices have 2 bedrooms. They are 88 % cheaper than the average followed by properties with 4 bedrooms with a price at $134 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $255,325 it is 3 % cheaper than the average price in Portland. "Detached House" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "House". At a price of $247,187 it is 31 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $130 / sq.feet followed by "Detached House" priced at $194 / sq.feet. "Detached House" is the cheapest type of property with a $194 / sq.feet value followed by "House" with an average price of $130 / sq.feet.
