The prices in real estate in Warren, 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 Warren 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 to $100. In the following two months the price per sq.feet has barely changed, going from $93.5 to $95.5 per sq.feet. The price per sq.feet has increased 114 % 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 $94.5 to $108 during May, and June.
Based upon to the price in Warren (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during January, is $99,514. During February the price went through a considerable rise reaching $119,942. During the following two months (March, April) the price has had an average incrementation from $109,728 to $117,478. Based on an analysis of the first four prices and the last two months the average price has risen strongly 122 % 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 $133,720 they are 69 % more affordable than the average price for Warren. The properties with the highest average price have 4 bedrooms, Their price is 60 % more costly than the average. After that we have properties with 3 bedrooms priced at $146,913.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $75 / sq.feet, with an average $105 / sq.feet price in Warren. The properties with the highest average prices have 3 bedrooms. They are 15 % more expensive than the average followed by properties with 4 bedrooms with a price at $118 / sq.feet.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of $133,720 it is 33 % cheaper than the average price in Warren. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "House". At a price of $136,879 it is 2 % 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 $98 / sq.feet followed by "House" priced at $109 / sq.feet. "Farm" is the most costly type of property with a $713 / sq.feet cost followed by "Townhouse" with an average price of $356 / sq.feet.