The prices in real estate in Three Rivers, 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 Three Rivers has increased strongly during the last 6 months. In January, the average price per sq.feet was $87. In the following month the price per sq.feet increased considerably to $116. The price for the following two months in (March, April) had a considerable increment of 120 %. The price per sq.feet has had a considerable increase of 3907 % 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 $111.5 to $4,356 during May, and June.
Based upon to the price in Three Rivers (cities), these have remained the same in the last 6 months. In our first sample month during January, the average price is $216,156. In February This price remains at $221,015. During the following two months (March, April) the price has had an average incrementation from $218,585.5 to $248,386. During the last two months the average price has had a strong fall compared to the previous four going from $233,485.75 to $192,490, which means a 82 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $141,669 they are 27 % more affordable than the average price for Three Rivers. The properties with the highest average price have 4 bedrooms, Their price is 116 % more costly than the average. After that we have properties with 3 bedrooms priced at $235,057.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $81 / sq.feet, with an average $8,607 / sq.feet price in Three Rivers. The properties with the lowest average prices have 3 bedrooms. They are 99 % cheaper than the average followed by properties with 2 bedrooms with a price at $95 / sq.feet.
The graph displaying the average prices displays the property type "" as the most affordable one. At an cost of $141,669 it is 8 % cheaper than the average price in Three Rivers. "House" is seen as the second most affordable property type. The dearest property type is "Farm" followed by "House". At a price of $183,823 it is 41 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $57 / sq.feet followed by "House" priced at $94 / sq.feet. "House" is the cheapest type of property with a $94 / sq.feet value followed by "Farm" with an average price of $57 / sq.feet.