The prices in real estate in Williamsburg, in the Michigan region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Williamsburg has fallen in the last 6 months. In February, the average price per sq.feet was $261. In March this price pretty much remained the same at a value of $248 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $254.5 to $243 per sq.feet. The price per sq.feet has had a considerable deflation of 83 % 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 $248.75 to $205.5 during June, and July.
Based upon to the price in Williamsburg (cities), this has fallen considerably in the last 6 months. The average price for February is $936,625. During March the price had a slight fall till $856,825. During the following two months (April, May) the average price had a considerable reduction of 80 % 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 $807,945.5 to $646,329, which means a 80 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $617,146 they are 75 % more affordable than the average price for Williamsburg. The properties with the highest average price have 4 bedrooms, Their price is 10 % more costly than the average. After that we have properties with 2 bedrooms priced at $324,500.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $181 / sq.feet, with an average $202 / sq.feet price in Williamsburg. The properties with the highest average prices have 2 bedrooms. They are 92 % more expensive than the average followed by properties with 1 bedroom with a price at $315 / sq.feet.
With regard to the average price based upon the property in Williamsburg we can see that most expensive property type is "House" at a price of $662,519, they are 7 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 7 % more expensive 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 $198 / sq.feet. "House" with an average cost of $198 / sq.feet has the lowest price and would be directed at less affluent cities.