Property prices for sale in Whitmore Lake (Michigan)
The prices in real estate in Whitmore Lake, 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 Whitmore Lake has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $2,893. In the following month the price per sq.feet decreased considerably to $2,084. The price for the following two months in (December, January) had a considerable decrease of 10 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 17 % 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 $1,370 to $239 during February, and March.
Based upon to the price in Whitmore Lake (cities), this has gone up in the last 6 months. In our first sample month during October, the average price is $517,109. In November This price remains at $498,163. During the following two months (December, January) the average price had a considerable increase of 119 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $555,231.75 and $560,665.5 between February and March.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 40 % cheaper than the average price of $335,339 in Whitmore Lake. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 40 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 82 % cheaper than the average price of ($45 / sq.feet) in Whitmore Lake. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 82 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "Multi Family House" as the most affordable one. At an cost of $556,217 it is 40 % cheaper than the average price in Whitmore Lake. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Multi Family House". At a price of $331,996 it is 40 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Multi Family House" at an average cost of $35 / sq.feet followed by "House" priced at $45 / sq.feet. "House" is the cheapest type of property with a $45 / sq.feet value followed by "Multi Family House" with an average price of $35 / sq.feet.
