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 April, the average price per sq.feet was $400. In the following month the price per sq.feet decreased considerably to $336. The price for the following two months in (June, July) decreased 89 % 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 $347.75 to $333 during August y September
Based upon to the price in Lake Arrowhead (cities), this has gone up in the last 6 months. The price in April is $766,085, rising in May till $843,506. In the following two months the average price has remained the same with regard to the previous two months from $804,795.5 to $798,653. 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 $801,724.25 and $813,402 between August and September.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $889,604 they are 71 % more affordable than the average price for Lake Arrowhead. The properties with the lowest average price have 4 bedrooms, Their price is 6 % cheaper than the average. After that we have properties with 3 bedrooms priced at $441,770.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $232 / sq.feet, with an average $335 / sq.feet price in Lake Arrowhead. The properties with the lowest average prices have 4 bedrooms. They are 12 % cheaper than the average followed by properties with 2 bedrooms with a price at $241 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $889,604 it is 27 % cheaper than the average price in Lake Arrowhead. "Condo" is seen as the second most affordable property type. The cheapest type property is "Commercial" followed by "House". At a price of $747,107 it is 13 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $226 / sq.feet followed by "Condo" priced at $247 / sq.feet. "Commercial" is the most costly type of property with a $8,266 / sq.feet cost followed by "House" with an average price of $694 / sq.feet.