The prices in real estate in Southgate, 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 Southgate has increased during the last 6 months. In September, the average price per sq.feet was $160. In October this price pretty much remained the same at a value of $163 per sq.feet. In the following two months the price per sq.feet has increased 108 %, going from $161.5 to $174 per sq.feet. The price per sq.feet has increased 108 % 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 $167.75 to $180.5 during January, and February.
Based upon to the price in Southgate (cities), this has gone up in the last 6 months. The average price for September is $210,079. During October the price had a slight fall till $192,405. During the following two months (November, December) the average price had a considerable increase of 118 % 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 117 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $259,689 they are 61 % more affordable than the average price for Southgate. The properties with the highest average price have 4 bedrooms, Their price is 73 % more costly than the average. After that we have properties with 2 bedrooms priced at $172,518.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $138 / sq.feet, with an average $187 / sq.feet price in Southgate. The properties with the highest average prices have 3 bedrooms. They are 28 % more expensive than the average followed by properties with 4 bedrooms with a price at $180 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $259,689 it is 70 % cheaper than the average price in Southgate. "Office" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Apartment". At a price of $144,033 it is 16 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $48 / sq.feet followed by "Apartment" priced at $125 / sq.feet. "Office" is the most costly type of property with a $967 / sq.feet cost followed by "Townhouse" with an average price of $213 / sq.feet.