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 $254. In the following month the price per sq.feet decreased to $237. The price for the following two months in (June, July) decreased 90 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 85 % 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 $233.25 to $198 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 $581,000. During May the price had a slight fall till $530,725. During the following two months (June, July) the average price fell 91 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 86 %, going from $530,337.5 to $454,706.5 in August and September.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 9 % more costly than the average price of $572,880 in Suttons Bay. Based on the bedrooms values, properties with the highest prices are those with 1 bedroom. They are 9 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 11 % more costly than the average price of ($240 / sq.feet) in Suttons Bay. Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 11 % more costly than the average value aforementioned.
With regard to the average price based upon the property in Suttons Bay we can see that most expensive property type is "Land" at a price of $572,880, they are 9 % more costly than the average price of (!PRECIO2!). "Land" has the highest price. This price is 9 % more expensive than the average price aforementioned.
According to the average area price by sq.feet the most costly property type is "Land with an average price of $240 / sq.feet. "Land" at an average price of $240 / sq.feet has the most expensive price and would be directed at more affluent cities.