The prices in real estate in Suttons Bay, in the Michigan region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Suttons Bay has had a strong decrease during the last 6 months. In January, the average price per sq.feet was $464. In the following month the price per sq.feet decreased considerably to $352. In the following two months the price per sq.feet has increased 107 %, going from $408 to $438 per sq.feet. The price per sq.feet has had a considerable deflation of 74 % 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 $423 to $314.5 during May, and June.
Based upon to the price in Suttons Bay (cities), this has fallen considerably in the last 6 months. The average price for January is $1,321,517. During February the price had a slight fall till $1,207,915. During the following two months (March, April) the average price fell 89 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $1,195,062.5 to $823,643.5, which means a 69 % fall.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 29 % cheaper than the average price of $567,740 in Suttons Bay. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 29 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 25 % cheaper than the average price of ($231 / sq.feet) in Suttons Bay. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 25 % cheaper than the average value aforementioned.
With regard to the average price based upon the property in Suttons Bay we can see that the cheapest property type is "Land" at a price of $567,740, they are 29 % more affordable than the average price of (!PRECIO2!). "Land" has the lowest price. This price is 29 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "Land with an average price of $231 / sq.feet. "Land" with an average cost of $231 / sq.feet has the lowest price and would be directed at less affluent cities.