The prices in real estate in Watersmeet, 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 Watersmeet has increased strongly during the last 6 months. In February, the average price per sq.feet was $248. In the following month the price per sq.feet increased considerably to $302. The price for the following two months in (April, May) had a considerable increment of 387 %. The price per sq.feet has had a considerable deflation of 45 % 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 $670 to $302.5 during June, and July.
Based upon to the price in Watersmeet (cities), this has fallen considerably in the last 6 months. The average price for February is $829,450. During March the price had a considerable reduction till $553,783. During the following two months (April, May) the average price fell 90 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $655,845.75 to $537,794, which means a 82 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $536,903 they are 47 % more affordable than the average price for Watersmeet. The properties with the highest average price have 1 bedroom, Their price is 74 % more costly than the average. After that we have properties with 4 bedrooms priced at $655,960.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $219 / sq.feet, with an average $313 / sq.feet price in Watersmeet. The properties with the highest average prices have 1 bedroom. They are 207 % more expensive than the average followed by properties with 3 bedrooms with a price at $254 / sq.feet.
With regard to the average price based upon the property in Watersmeet we can see that the cheapest property type is "House" at a price of $508,305, they are 5 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 5 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $296 / sq.feet. "House" with an average cost of $296 / sq.feet has the lowest price and would be directed at less affluent cities.