The prices in real estate in Lake Elsinore, in the California 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 Elsinore has increased strongly during the last 6 months. In September, the average price per sq.feet was $250. In the following month the price per sq.feet increased considerably to $307. In the following two months the price per sq.feet has increased 109 %, going from $278.5 to $304.5 per sq.feet. 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 $291.5 to $305 during January y February
Based upon to the price in Lake Elsinore (cities), this has gone up considerably in the last 6 months. The price in September is $484,608, rising in October till $528,331. During the following two months (November, December) the average price had a considerable increase of 119 % 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 gone up 105 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $590,808 they are 68 % more affordable than the average price for Lake Elsinore. The properties with the highest average price have 4 bedrooms, Their price is 8 % more costly than the average. After that we have properties with 3 bedrooms priced at $589,678.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $269 / sq.feet, with an average $304 / sq.feet price in Lake Elsinore. The properties with the highest average prices have 1 bedroom. They are 17 % more expensive than the average followed by properties with 3 bedrooms with a price at $316 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $590,808 it is 83 % cheaper than the average price in Lake Elsinore. "Detached House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $415,266 it is 6 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $85 / sq.feet followed by "Townhouse" priced at $113 / sq.feet. "Apartment" is the most costly type of property with a $999 / sq.feet cost followed by "Condo" with an average price of $310 / sq.feet.