The prices in real estate in Elk, in the Washington 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 Elk has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $5,512. In the following month the price per sq.feet decreased considerably to $793. The price for the following two months in (May, June) decreased 94 % with regard to the prior two months. 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 $3,065 to $2,533 during July, and August.
Based upon to the price in Elk (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during March, is $595,578. During April the price went through a considerable rise reaching $718,675. In the following two months the average price has remained the same with regard to the previous two months from $657,126.5 to $683,865. Based on an analysis of the first four prices and the last two months the average price has gone up 112 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $719,701 they are 43 % more affordable than the average price for Elk. The properties with the highest average price have 3 bedrooms, Their price is 71 % more costly than the average. After that we have properties with 4 bedrooms priced at $892,419.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $251 / sq.feet, with an average $1,981 / sq.feet price in Elk. The properties with the lowest average prices have 1 bedroom. They are 69 % cheaper than the average followed by properties with 3 bedrooms with a price at $396 / sq.feet.
With regard to the average price based upon the property in Elk we can see that most expensive property type is "House" at a price of $815,260, they are 13 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 13 % 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 $343 / sq.feet. "House" with an average cost of $343 / sq.feet has the lowest price and would be directed at less affluent cities.