The prices in real estate in Lady Lake, in the Florida 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 Lady Lake has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $652. In the following month the price per sq.feet decreased to $598. The price for the following two months in (May, June) decreased 85 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 66 % 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 $578.25 to $383 during July, and August.
Based upon to the price in Lady Lake (cities), this has fallen considerably in the last 6 months. The average price for March is $799,288. During April the price had a slight fall till $739,434. During the following two months (May, June) the average price had a considerable reduction of 63 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $628,414.25 to $495,597, which means a 79 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the most costly ones. At a price of $321,075 they are 57 % more expensive than the average price for Lady Lake. Following this ranking we find those properties with 4 at an average price of $536,875. The properties with the highest average price have 3 bedrooms, Their price is 259 % more costly than the average. After that we have properties with 2 bedrooms priced at $808,602.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $150 / sq.feet, with an average $221 / sq.feet price in Lady Lake. The properties with the highest average prices have 1 bedroom. They are 276 % more expensive than the average followed by properties with 2 bedrooms with a price at $669 / sq.feet.
The graph displaying the average prices displays the property type "Commercial Property" as the most affordable one. At an cost of $321,075 it is 68 % cheaper than the average price in Lady Lake. "Farm" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Commercial". At a price of $194,989 it is 39 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial Property" at an average cost of $43 / sq.feet followed by "Farm" priced at $75 / sq.feet. "Commercial" is the cheapest type of property with a $126 / sq.feet value followed by "House" with an average price of $123 / sq.feet.