The prices in real estate in Roscommon, 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 Roscommon has had a strong decrease during the last 6 months. In February, the average price per sq.feet was $483. In the following month the price per sq.feet increased considerably to $565. The price for the following two months in (April, May) had a considerable decrease of 71 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 58 % 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 $448.5 to $261 during June, and July.
Based upon to the price in Roscommon (cities), these have remained the same in the last 6 months. The average price for February is $156,056. During March the price had a slight fall till $143,159. During the following two months (April, May) the price has had an average incrementation from $149,607.5 to $157,838.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from $153,723 to $142,235.5 in June and July.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $134,216 they are 48 % more affordable than the average price for Roscommon. The properties with the highest average price have 4 bedrooms, Their price is 100 % more costly than the average. After that we have properties with 3 bedrooms priced at $146,994.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $175 / sq.feet, with an average $230 / sq.feet price in Roscommon. The properties with the highest average prices have 4 bedrooms. They are 53 % more expensive than the average followed by properties with 1 bedroom with a price at $340 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $134,216 it is 78 % cheaper than the average price in Roscommon. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $29,528 it is 14 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $183 / sq.feet followed by "House" priced at $274 / sq.feet. "House" is the most costly type of property with a $274 / sq.feet cost followed by "Land" with an average price of $183 / sq.feet.