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 April, the average price per sq.feet was $588. In the following month the price per sq.feet decreased to $501. The price for the following two months in (June, July) had a considerable decrease of 70 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 80 % 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 $462 to $368.5 during August, and September.
Based upon to the price in Suttons Bay (cities), this has fallen considerably in the last 6 months. The average price for April is $1,499,600. During May the price had a considerable reduction till $1,234,390. During the following two months (June, July) the average price had a considerable reduction of 72 % 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 $1,172,247.5 to $914,295.5, which means a 78 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $790,246 they are 35 % more affordable than the average price for Suttons Bay. The properties with the highest average price have 3 bedrooms, Their price is 128 % more costly than the average. After that we have properties with 4 bedrooms priced at $1,617,759.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $236 / sq.feet, with an average $313 / sq.feet price in Suttons Bay. The properties with the highest average prices have 3 bedrooms. They are 77 % more expensive than the average followed by properties with 4 bedrooms with a price at $539 / sq.feet.
With regard to the average price based upon the property in Suttons Bay we can see that most expensive property type is "House" at a price of $1,201,596, they are 52 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 52 % more expensive than the average price aforementioned.
According to the average area price by sq.feet the most costly property type is "House with an average price of $426 / sq.feet. "House" at an average price of $426 / sq.feet has the most expensive price and would be directed at more affluent cities.