The prices in real estate in Rochester Hills, 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 Rochester Hills has had a strong decrease during the last 6 months. In January, the average price per sq.feet was $235. In the following month the price per sq.feet decreased to $209. The price for the following two months in (March, April) decreased 90 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 84 % 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 $211.25 to $178 during May, and June.
Based upon to the price in Rochester Hills (cities), these have remained the same in the last 6 months. In our first sample month during January, the average price is $586,771. In February This price remains at $599,118. During the following two months (March, April) the average price had a considerable increase of 116 % 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 $641,025.75 to $517,005.5, which means a 81 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $536,290 they are 72 % more affordable than the average price for Rochester Hills. The properties with the highest average price have 3 bedrooms, Their price is 62 % more costly than the average. After that we have properties with 4 bedrooms priced at $863,246.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $152 / sq.feet, with an average $180 / sq.feet price in Rochester Hills. The properties with the highest average prices have 3 bedrooms. They are 296 % more expensive than the average followed by properties with 4 bedrooms with a price at $708 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $536,290 it is 25 % cheaper than the average price in Rochester Hills. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $404,787 it is 61 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $145 / sq.feet followed by "House" priced at $708 / sq.feet. "House" is the most costly type of property with a $708 / sq.feet cost followed by "Condo" with an average price of $145 / sq.feet.