The prices in real estate in Twin Lake, 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 Twin Lake has increased strongly during the last 6 months. In April, the average price per sq.feet was . In the following month the price per sq.feet increased considerably to $20. The price for the following two months in (June, July) had a considerable increment of 160 %. The price per sq.feet has had a considerable increase of 719 % 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 $13 to $93.5 during August, and September.
Based upon to the price in Twin Lake (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during April, is . During May the price went through a considerable rise reaching $53,883. During the following two months (June, July) the average price had a considerable increase of 161 % 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 risen strongly 416 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $157,406 they are 15 % more affordable than the average price for Twin Lake. The properties with the highest average price have 4 bedrooms, Their price is 64 % more costly than the average. After that we have properties with 2 bedrooms priced at $173,633.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of $105 / sq.feet, with an average $102 / sq.feet price in Twin Lake. The properties with the highest average prices have 4 bedrooms. They are 31 % more expensive than the average followed by properties with 1 bedroom with a price at $131 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $157,406 it is 69 % cheaper than the average price in Twin Lake. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $48,343 it is 14 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $1 / sq.feet followed by "House" priced at $121 / sq.feet. "House" is the most costly type of property with a $121 / sq.feet cost followed by "Land" with an average price of $1 / sq.feet.