The prices in real estate in Canyon Lake, in the Texas 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 Canyon Lake has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $477. In the following month the price per sq.feet decreased considerably to $372. The price for the following two months in (September, October) had a considerable decrease of 57 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 49 % 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 $332.5 to $164.5 during November, and December.
Based upon to the price in Canyon Lake (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during July, is $358,096. During August the price went through a considerable rise reaching $456,689. During the following two months (September, October) the price has had an average incrementation from $407,392.5 to $441,358.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 94 %, going from $424,375.5 to $400,930 in November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $382,801 they are 51 % more affordable than the average price for Canyon Lake. The properties with the highest average price have 4 bedrooms, Their price is 57 % more costly than the average. After that we have properties with 3 bedrooms priced at $373,642.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of $193 / sq.feet, with an average $169 / sq.feet price in Canyon Lake. The properties with the highest average prices have 1 bedroom. They are 60 % more expensive than the average followed by properties with 4 bedrooms with a price at $203 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $382,801 it is 56 % cheaper than the average price in Canyon Lake. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Apartment". At a price of $420,527 it is 40 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $162 / sq.feet followed by "Apartment" priced at $190 / sq.feet. "House" is the most costly type of property with a $7,216 / sq.feet cost followed by "Apartment" with an average price of $190 / sq.feet.