The prices in real estate in South Lyon, in the Michigan region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in South Lyon has increased during the last 6 months. In March, the average price per sq.feet was $180. In April this price pretty much remained the same at a value of $181 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $180.5 to $184 per sq.feet. The price per sq.feet has increased 110 % 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 $182.25 to $201 during July, and August.
Based upon to the price in South Lyon (cities), this has gone up considerably in the last 6 months. The price in March is $411,234, rising in April till $442,516. During the following two months (May, June) the average price had a considerable increase of 116 % 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 gone up 109 % 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 $506,636 they are 87 % more affordable than the average price for South Lyon. The properties with the highest average price have 4 bedrooms, Their price is 18 % more costly than the average. After that we have properties with 3 bedrooms priced at $474,739.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $85 / sq.feet, with an average $209 / sq.feet price in South Lyon. The properties with the lowest average prices have 3 bedrooms. They are 11 % cheaper than the average followed by properties with 4 bedrooms with a price at $160 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $506,636 it is 81 % cheaper than the average price in South Lyon. "Commercial Property" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $496,454 it is 15 % 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 $95 / sq.feet followed by "Commercial Property" priced at $107 / sq.feet. "House" is the cheapest type of property with a $167 / sq.feet value followed by "Townhouse" with an average price of $139 / sq.feet.