The prices in real estate in Wakefield, 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 Wakefield has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $718. In the following month the price per sq.feet decreased considerably to $148. In the following two months the price per sq.feet has increased 114 %, going from $433 to $492.5 per sq.feet. The price per sq.feet has had a considerable deflation of 48 % 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 $462.75 to $223.5 during July, and August.
Based upon to the price in Wakefield (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during March, is $157,975. During April the price went through a considerable rise reaching $193,450. During the following two months (May, June) the price has had an average incrementation from $175,712.5 to $186,439.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 123 % 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 $231,941 they are 33 % more affordable than the average price for Wakefield. Based on the bedrooms values, properties with the highest prices are those with 3 bedrooms. They are 25 % more expensive than the average aforementioned.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $72 / sq.feet, with an average $178 / sq.feet price in Wakefield. Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 70 % more costly than the average value aforementioned.