The prices in real estate in Grand Lake, in the Colorado 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 Grand Lake has had a strong decrease during the last 6 months. In May, the average price per sq.feet was $373. In June this price pretty much remained the same at a value of $362 per sq.feet. The price for the following two months in (July, August) had a considerable decrease of 78 with regard to the prior two months. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $327.75 to $323.5 during September y October
Based upon to the price in Grand Lake (cities), this has gone downing the last 6 months. The price in May is $763,957, rising in June till $874,714. During the following two months (July, August) the average price had a considerable reduction of 67 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $683,760 and $692,452.5 between September and October.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $663,598 they are 39 % more affordable than the average price for Grand Lake. The properties with the highest average price have 4 bedrooms, Their price is 15 % more costly than the average. After that we have properties with 1 bedroom priced at $460,796.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $184 / sq.feet, with an average $291 / sq.feet price in Grand Lake. The properties with the highest average prices have 1 bedroom. They are 33 % more expensive than the average followed by properties with 2 bedrooms with a price at $212 / sq.feet.
With regard to the average price based upon the property in Grand Lake we can see that the cheapest property type is "Condo" at a price of $480,903, they are 28 % more affordable than the average price of (!PRECIO2!). "Condo" has the lowest price. This price is 28 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "Condo with an average price of $220 / sq.feet. "Condo" with an average cost of $220 / sq.feet has the lowest price and would be directed at less affluent cities.