The prices in real estate in Taylor, 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 Taylor has increased strongly during the last 6 months. In April, the average price per sq.feet was $219. In the following month the price per sq.feet increased considerably to $333. The price for the following two months in (June, July) had a considerable increment of 176 %. The price per sq.feet has had a considerable deflation of 24 % 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 $380.5 to $91 during August, and September.
Based upon to the price in Taylor (cities), this has fallen considerably in the last 6 months. The average price for April is $206,170. During May the price had a considerable reduction till $97,931. 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 $130,873.75 to $105,575.5, which means a 81 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $110,429 they are 53 % more affordable than the average price for Taylor. The properties with the highest average price have 3 bedrooms, Their price is 24 % more costly than the average. After that we have properties with 4 bedrooms priced at $118,694.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $73 / sq.feet, with an average $96 / sq.feet price in Taylor. The properties with the highest average prices have 3 bedrooms. They are 11 % more expensive than the average followed by properties with 2 bedrooms with a price at $84 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $110,429 it is 32 % cheaper than the average price in Taylor. "House" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Farm". At a price of $268,227 it is 316 % 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 $58 / sq.feet followed by "House" priced at $96 / sq.feet. "Farm" is the most costly type of property with a $899 / sq.feet cost followed by "Duplex" with an average price of $173 / sq.feet.