The prices in real estate in West Bloomfield, 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 West Bloomfield has had a strong decrease during the last 6 months. In June, the average price per sq.feet was $532. In the following month the price per sq.feet increased considerably to $1,015. The price for the following two months in (August, September) had a considerable decrease of 24 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 42 % 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 $478.25 to $199.5 during October, and November.
Based upon to the price in West Bloomfield (cities), this has gone up considerably in the last 6 months. The price in June is $292,428, rising in July till $323,132. During the following two months (August, September) the average price had a considerable increase of 184 % 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 165 % 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 $821,630 they are 72 % more affordable than the average price for West Bloomfield. The properties with the lowest average price have 1 bedroom, Their price is 36 % cheaper than the average. After that we have properties with 4 bedrooms priced at $442,983.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $148 / sq.feet, with an average $209 / sq.feet price in West Bloomfield. The properties with the highest average prices have 4 bedrooms. They are 377 % more expensive than the average followed by properties with 2 bedrooms with a price at $481 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $821,630 it is 66 % cheaper than the average price in West Bloomfield. "Condo" is seen as the second most affordable property type. The dearest property type is "Office" followed by "Apartment". At a price of $537,651 it is 10 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $189 / sq.feet followed by "Condo" priced at $241 / sq.feet. "Office" is the most costly type of property with a $1,270 / sq.feet cost followed by "House" with an average price of $1,200 / sq.feet.