The prices in real estate in Scotts, 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 Scotts has increased strongly during the last 6 months. In November, the average price per sq.feet was $206. In December this price pretty much remained the same at a value of $207 per sq.feet. The price for the following two months in (January, February) had a considerable increment of 451 %. The price per sq.feet has had a considerable increase of 303 % 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 $569.25 to $1,723 during March, and April.
Based upon to the price in Scotts (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $336,864. During December the price went through a considerable rise reaching $506,083. In the following two months the average price has remained the same with regard to the previous two months from $421,473.5 to $429,198. During the last two months the average price has had a strong fall compared to the previous four going from $425,335.75 to $349,498.5, which means a 82 % fall.