The prices in real estate in Walled 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 Walled Lake has increased strongly during the last 6 months. In September, the average price per sq.feet was $127. In the following month the price per sq.feet increased to $146. The price for the following two months in (November, December) had a considerable increment of 145 %. The price per sq.feet has had a considerable increase of 128 % 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 $167.25 to $213.5 during January, and February.
Based upon to the price in Walled Lake (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during September, is $155,983. During October the price went through a considerable rise reaching $190,518. During the following two months (November, December) the average price had a considerable increase of 155 % 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 140 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $328,853 they are 3 % more affordable than the average price for Walled Lake. The properties with the highest average price have 4 bedrooms, Their price is 172 % more costly than the average. After that we have properties with 1 bedroom priced at $462,635.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $151 / sq.feet, with an average $214 / sq.feet price in Walled Lake. The properties with the highest average prices have 3 bedrooms. They are 1788 % more expensive than the average followed by properties with 4 bedrooms with a price at $220 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $328,853 it is 26 % cheaper than the average price in Walled Lake. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Apartment". At a price of $377,074 it is 24 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $123 / sq.feet followed by "Condo" priced at $195 / sq.feet. "Apartment" is the cheapest type of property with a $200 / sq.feet value followed by "Condo" with an average price of $195 / sq.feet.