The prices in real estate in Spring Lake, 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 Spring Lake has increased during the last 6 months. In March, the average price per sq.feet was $214. In the following month the price per sq.feet increased to $245. In the following two months the price per sq.feet has increased 107 %, going from $229.5 to $245.5 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $237.5 to $243 during July y August
Based upon to the price in Spring Lake (cities), this has gone up in the last 6 months. The average price during our first sample month during March, is $516,306. During April the price went through a considerable rise reaching $637,895. In the following two months the average price has remained the same with regard to the previous two months from $577,100.5 to $603,340.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 94 %, going from $590,220.5 to $552,141.5 in July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $535,321 they are 40 % more affordable than the average price for Spring Lake. The properties with the lowest average price have 4 bedrooms, Their price is 17 % cheaper than the average. After that we have properties with 3 bedrooms priced at $445,127.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $168 / sq.feet, with an average $241 / sq.feet price in Spring Lake. The properties with the highest average prices have 1 bedroom. They are 19 % more expensive than the average followed by properties with 2 bedrooms with a price at $245 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $535,321 it is 38 % cheaper than the average price in Spring Lake. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $332,766 it is 20 % 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 $201 / sq.feet followed by "House" priced at $274 / sq.feet. "House" is the most costly type of property with a $274 / sq.feet cost followed by "Condo" with an average price of $201 / sq.feet.