Property prices for sale in Lake City (Florida)
The prices in real estate in Lake City, in the Florida region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Lake City has increased strongly during the last 6 months. In October, the average price per sq.feet was $215. In the following month the price per sq.feet increased considerably to $325. The price for the following two months in (December, January) had a considerable increment of 174 %. The price per sq.feet has had a considerable increase of 397 % 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 $370.5 to $1,470.5 during February, and March.
Based upon to the price in Lake City (cities), these have remained the same in the last 6 months. The average price for October is $460,262. During November the price had a slight fall till $414,478. During the following two months (December, January) the price has had an average incrementation from $437,370 to $471,166.5. 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 $454,268.25 and $453,519 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $471,063 they are 29 % more affordable than the average price for Lake City. The properties with the highest average price have 4 bedrooms, Their price is 10 % more costly than the average. After that we have properties with 1 bedroom priced at $447,760.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $195 / sq.feet, with an average $2,063 / sq.feet price in Lake City. The properties with the lowest average prices have 1 bedroom. They are 83 % cheaper than the average followed by properties with 2 bedrooms with a price at $276 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $471,063 it is 58 % cheaper than the average price in Lake City. "Condo" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Detached House". At a price of $506,333 it is 203 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $201 / sq.feet followed by "Detached House" priced at $205 / sq.feet. "Land" is the most costly type of property with a $27,865 / sq.feet cost followed by "Commercial" with an average price of $271 / sq.feet.
