Property prices for sale in Shelby (Michigan)
The prices in real estate in Shelby, 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 Shelby has increased strongly during the last 6 months. In November, the average price per sq.feet was $200. In December this price pretty much remained the same at a value of $203 per sq.feet. In the following two months the price per sq.feet has increased 111 %, going from $201.5 to $224.5 per sq.feet. The price per sq.feet has had a considerable increase of 148 % 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 $213 to $314.5 during March, and April.
Based upon to the price in Shelby (cities), this has gone up considerably in the last 6 months. In our first sample month during November, the average price is $408,472. In December This price remains at $424,210. During the following two months (January, February) the average price had a considerable increase of 122 % 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 116 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $510,190 they are 60 % more affordable than the average price for Shelby. The properties with the highest average price have 4 bedrooms, Their price is 6 % more costly than the average. After that we have properties with 3 bedrooms priced at $328,466.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $132 / sq.feet, with an average $214 / sq.feet price in Shelby. The properties with the lowest average prices have 4 bedrooms. They are 16 % cheaper than the average followed by properties with 1 bedroom with a price at $174 / sq.feet.
The graph displaying the average prices displays the property type "Detached House" as the most affordable one. At an cost of $510,190 it is 36 % cheaper than the average price in Shelby. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "House". At a price of $372,755 it is 8 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $71 / sq.feet followed by "Detached House" priced at $77 / sq.feet. "House" is the cheapest type of property with a $174 / sq.feet value followed by "Apartment" with an average price of $105 / sq.feet.
