The average price in the Michigan region has had an strong increase in recent months. There has been a strong inflation in the prices in this region.
The price per sq.feet in Michigan has increased strongly in the last 6 months. During April, the average price per sq.feet was $141. The following month (May) the price had a considerable increase reaching $213 per sq.feet. In the following two months (June, July) the price per sq.feet has risen strongly to a 135 %. In the last two months, the price per sq.feet has had a significant decrease of 51 %. This has been obtained by comparing the price of $208 for the first four months of the sample with regard to the previous 4 months and the price of $105.5 per sq.feet for the last two months (August, September).
Based upon to the price in Michigan(region), this has decreased considerably in the last 6 months. April has an average price of $242,390. During May the price had a strong deflation till $195,108. In the following two months the average price has decreased 84 % compared to the previous two. During the last two months the price has had a considerable reduction of 83 % with respect to the previous four months going from $200,991.75 a $166,855.5.
The graph displaying the the average price per number of bedrooms shows that those with 2 bedrooms are the cheapest ones. They are 32 % more affordable than the average price in Michigan followed by those with 1 with an average price of $116,789. The most costly properties have 4 bedrooms. They are 75 % more expensive than the average followed by those properties with 3 bedrooms priced at $165,753.
Based on the average price per sq.feet those properties with 2 bedrooms are the dearest ones with a price of $104 / sq.feet being $102 / sq.feet the average value within the Michigan region. The properties with the most expensive average price are those with 1 bedroom. These are 64 % more costly than the average followed by those with 4 bedrooms with a price of $120 / sq.feet.
The graph displaying the average price according to the property type shows "House" as the most costly one. With an average cost of $162,926 it is 1 % more expensive than the average in Michigan. This is followed by "Condo" with a price of $166,541. The dearest property type is "Commercial" and is 135 % more expensive than the average, followed by "Townhouse" with a cost of $322,813.
Based on the average cost per sq.feet the cheapest property type is "House with a an average cost of $95 / sq.feet, followed by "Commercial" with a price of $100 / sq.feet. "Townhouse" with an average price of $430 / sq.feet is the most costly type of property followed by "Condo" at a price of $142 / sq.feet.