The prices in real estate in Canyon Lake, in the Texas region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Canyon Lake has increased strongly during the last 6 months. In February, the average price per sq.feet was $190. In the following month the price per sq.feet increased considerably to $582. The price for the following two months in (April, May) had a considerable increment of 231 %. The price per sq.feet has had a considerable deflation of 63 % 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 $639.25 to $400.5 during June, and July.
Based upon to the price in Canyon Lake (cities), this has fallen considerably in the last 6 months. The average price for February is $423,564. During March the price had a considerable reduction till $280,777. During the following two months (April, May) the average price had a considerable reduction of 69 % 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 141 % 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 $358,096 they are 41 % more affordable than the average price for Canyon Lake. The properties with the highest average price have 4 bedrooms, Their price is 68 % more costly than the average. After that we have properties with 3 bedrooms priced at $364,213.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $180 / sq.feet, with an average $477 / sq.feet price in Canyon Lake. The properties with the lowest average prices have 1 bedroom. They are 30 % cheaper than the average followed by properties with 4 bedrooms with a price at $208 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $358,096 it is 53 % cheaper than the average price in Canyon Lake. "House" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "House". At a price of $422,638 it is 50 % 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 $167 / sq.feet followed by "House" priced at $195 / sq.feet. "Apartment" is the most costly type of property with a $7,256 / sq.feet cost followed by "House" with an average price of $195 / sq.feet.