The prices in real estate in Wixom, 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 Wixom has had a strong decrease during the last 6 months. In January, the average price per sq.feet was $167. In the following month the price per sq.feet decreased considerably to . The price for the following two months in (March, April) had a considerable increment of 188 %. The price per sq.feet has had a considerable increase of 134 % 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 $120.25 to $161 during May, and June.
Based upon to the price in Wixom (cities), this has fallen considerably in the last 6 months. The average price for January is $358,623. During February the price had a considerable reduction till . During the following two months (March, April) the average price had a considerable increase of 171 % 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 120 % 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 $297,783 they are 28 % more affordable than the average price for Wixom. The properties with the lowest average price have 3 bedrooms, Their price is 6 % cheaper than the average. After that we have properties with 4 bedrooms priced at $268,357.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $132 / sq.feet, with an average $164 / sq.feet price in Wixom. The properties with the lowest average prices have 3 bedrooms. They are 9 % cheaper than the average followed by properties with 4 bedrooms with a price at $144 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $297,783 it is 13 % cheaper than the average price in Wixom. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $258,279 it is 10 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $135 / sq.feet followed by "House" priced at $144 / sq.feet. "House" is the cheapest type of property with a $144 / sq.feet value followed by "Condo" with an average price of $135 / sq.feet.