The prices in real estate in Lake Ariel, in the Pennsylvania 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 Lake Ariel has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $2,174. In the following month the price per sq.feet increased considerably to $2,863. The price for the following two months in (September, October) had a considerable decrease of 71 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 6 % 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 $2,158 to $126 during November, and December.
Based upon to the price in Lake Ariel (cities), this has gone up in the last 6 months. In our first sample month during July, the average price is $210,671. In August This price remains at $214,107. During the following two months (September, October) the price has had an average incrementation from $212,389 to $224,520. Based on an analysis of the first four prices and the last two months the average price has risen strongly 121 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 33 % cheaper than the average price of $168,817 in Lake Ariel. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 33 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 39 % cheaper than the average price of ($71 / sq.feet) in Lake Ariel. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 39 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $250,945 it is 33 % cheaper than the average price in Lake Ariel. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "Townhouse" followed by "House". At a price of $168,817 it is 22 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $71 / sq.feet followed by "Townhouse" priced at $166 / sq.feet. "Townhouse" is the most costly type of property with a $166 / sq.feet cost followed by "House" with an average price of $71 / sq.feet.