The prices in real estate in Richmond, 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 Richmond has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $134. In May this price pretty much remained the same at a value of $134 per sq.feet. The price for the following two months in (June, July) had a considerable decrease of 0 with regard to the prior two months. The price per sq.feet has had a considerable increase of 151 % 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 $67 to $101 during August, and September.
Based upon to the price in Richmond (cities), this has fallen considerably in the last 6 months. In our first sample month during April, the average price is $179,765. In May This price remains at $179,765. During the following two months (June, July) the average price had a considerable reduction of 0 % 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 165 % during the last two months.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 35 % more costly than the average price of $179,405 in Richmond. Based on the bedrooms values, properties with the highest prices are those with 1 bedroom. They are 35 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 28 % more costly than the average price of ($132 / sq.feet) in Richmond. Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 28 % more costly than the average value aforementioned.
The graph displaying the average prices displays the property type "Condo" as the most costly one. At an cost of $132,933 it is 34 % more expensive than the average price in Richmond. "House" is seen as the second dearest property type. The dearest property type is "Farm" followed by "House". At a price of $179,405 it is 52 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $90 / sq.feet followed by "Condo" priced at $128 / sq.feet. "House" is the most costly type of property with a $132 / sq.feet cost followed by "Condo" with an average price of $128 / sq.feet.