Property prices for sale in Lake Arrowhead (California)
The prices in real estate in Lake Arrowhead, in the California 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 Arrowhead has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $801. In the following month the price per sq.feet decreased considerably to $421. The price for the following two months in (December, January) had a considerable decrease of 67 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 82 % 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 $510 to $417.5 during February, and March.
Based upon to the price in Lake Arrowhead (cities), these have remained the same in the last 6 months. The average price for October is $986,669. During November the price had a slight fall till $853,085. During the following two months (December, January) the price has had an average incrementation from $919,877 to $993,954. 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 $956,915.5 and $942,055 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $868,161 they are 47 % more affordable than the average price for Lake Arrowhead. The properties with the highest average price have 4 bedrooms, Their price is 29 % more costly than the average. After that we have properties with 3 bedrooms priced at $731,474.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $398 / sq.feet, with an average $407 / sq.feet price in Lake Arrowhead. The properties with the highest average prices have 1 bedroom. They are 16 % more expensive than the average followed by properties with 2 bedrooms with a price at $471 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $868,161 it is 90 % cheaper than the average price in Lake Arrowhead. "Condo" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $1,013,240 it is 111 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $330 / sq.feet followed by "House" priced at $419 / sq.feet. "Land" is the most costly type of property with a $2,474 / sq.feet cost followed by "Commercial" with an average price of $472 / sq.feet.
