Property prices for sale in Spring Lake (Michigan)
The prices in real estate in Spring Lake, 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 Spring Lake has increased strongly during the last 6 months. In November, the average price per sq.feet was $254. In December this price pretty much remained the same at a value of $247 per sq.feet. The price for the following two months in (January, February) had a considerable increment of 660 %. The price per sq.feet has had a considerable deflation of 36 % 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 $952.5 to $343 during March, and April.
Based upon to the price in Spring Lake (cities), these have remained the same in the last 6 months. The average price for November is $568,378. During December the price had a slight fall till $512,227. In the following two months the average price has remained the same with regard to the previous two months from $540,302.5 to $566,387.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 120 % 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 $673,059 they are 53 % more affordable than the average price for Spring Lake. The properties with the highest average price have 4 bedrooms, Their price is 17 % more costly than the average. After that we have properties with 3 bedrooms priced at $518,015.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $273 / sq.feet, with an average $293 / sq.feet price in Spring Lake. The properties with the lowest average prices have 3 bedrooms. They are 4 % cheaper than the average followed by properties with 4 bedrooms with a price at $280 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $673,059 it is 81 % cheaper than the average price in Spring Lake. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $448,836 it is 30 % 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 $275 / sq.feet followed by "House" priced at $297 / sq.feet. "Land" is the most costly type of property with a $74,900 / sq.feet cost followed by "House" with an average price of $297 / sq.feet.
