The prices in real estate in Lake Dallas, in the Texas 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 Dallas has increased strongly during the last 6 months. In January, the average price per sq.feet was $139. In February this price pretty much remained the same at a value of $139 per sq.feet. The price for the following two months in (March, April) had a considerable increment of 138 %. The price per sq.feet has had a considerable increase of 118 % 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 $165.25 to $194.5 during May, and June.
Based upon to the price in Lake Dallas (cities), this has gone up considerably in the last 6 months. The average price for January is $268,411. During February the price had a considerable reduction till $224,132. During the following two months (March, April) the average price had a considerable increase of 265 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 157 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $707,591 they are 57 % more affordable than the average price for Lake Dallas. The properties with the lowest average price have 1 bedroom, Their price is 40 % cheaper than the average. After that we have properties with 4 bedrooms priced at $305,189.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $120 / sq.feet, with an average $193 / sq.feet price in Lake Dallas. The properties with the lowest average prices have 1 bedroom. They are 29 % cheaper than the average followed by properties with 4 bedrooms with a price at $120 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $707,591 it is 57 % cheaper than the average price in Lake Dallas. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "Townhouse" followed by "Condo". At a price of $305,189 it is 39 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $120 / sq.feet followed by "Townhouse" priced at $140 / sq.feet. "Townhouse" is the cheapest type of property with a $140 / sq.feet value followed by "Condo" with an average price of $120 / sq.feet.