The prices in real estate in White 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 White Lake has increased strongly during the last 6 months. In February, the average price per sq.feet was $89. In the following month the price per sq.feet increased considerably to $154. The price for the following two months in (April, May) had a considerable increment of 156 %. The price per sq.feet has had a considerable increase of 130 % 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 $155.75 to $202 during June, and July.
Based upon to the price in White Lake (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during February, is $246,642. During March the price went through a considerable rise reaching $376,510. During the following two months (April, May) the average price had a considerable increase of 131 % 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 121 % 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 $455,640 they are 94 % more affordable than the average price for White Lake. The properties with the lowest average price have 1 bedroom, Their price is 94 % cheaper than the average. After that we have properties with 2 bedrooms priced at $26,881.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $1 / sq.feet, with an average $208 / sq.feet price in White Lake. The properties with the lowest average prices have 1 bedroom. They are 97 % cheaper than the average followed by properties with 2 bedrooms with a price at $1 / sq.feet.
The graph displaying the average prices displays the property type "" as the most affordable one. At an cost of $455,640 it is 95 % cheaper than the average price in White Lake. "Apartment" is seen as the second most affordable property type. The cheapest type property is "Duplex" followed by "Commercial". At a price of $296,198 it is 10 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $1 / sq.feet followed by "Commercial" priced at $174 / sq.feet. "Duplex" is the most costly type of property with a $365 / sq.feet cost followed by "Commercial" with an average price of $174 / sq.feet.