The prices in real estate in Swartz Creek, 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 Swartz Creek has increased strongly during the last 6 months. In October, the average price per sq.feet was $177. In the following month the price per sq.feet increased considerably to $374. The price for the following two months in (December, January) had a considerable increment of 127 %. The price per sq.feet has had a considerable increase of 620 % 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 $313 to $1,941 during February, and March.
Based upon to the price in Swartz Creek (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $258,803. In November This price remains at $262,563. During the following two months (December, January) the average price fell 92 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 112 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the most costly ones. At a price of $279,829 they are 4 % more expensive than the average price for Swartz Creek. Following this ranking we find those properties with 3 at an average price of $308,546. The properties with the highest average price have 1 bedroom, Their price is 11 % more costly than the average. After that we have properties with 2 bedrooms priced at $310,096.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $100 / sq.feet, with an average $1,854 / sq.feet price in Swartz Creek. The properties with the lowest average prices have 4 bedrooms. They are 93 % cheaper than the average followed by properties with 1 bedroom with a price at $110 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $279,829 it is 18 % cheaper than the average price in Swartz Creek. "House" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "Apartment". At a price of $291,898 it is 7 % 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 $69 / sq.feet followed by "Apartment" priced at $160 / sq.feet. "Townhouse" is the cheapest type of property with a $562 / sq.feet value followed by "House" with an average price of $167 / sq.feet.