The prices in real estate in Lake Elsinore, in the California region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Lake Elsinore has increased during the last 6 months. In November, the average price per sq.feet was $197. In December this price pretty much remained the same at a value of $191 per sq.feet. In the following two months the price per sq.feet has increased 115 %, going from $194 to $223 per sq.feet. The price per sq.feet has increased 110 % 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 $208.5 to $229.5 during March, and April.
Based upon to the price in Lake Elsinore (cities), this has gone up in the last 6 months. In our first sample month during November, the average price is $394,733. In December This price remains at $394,233. In the following two months the average price has remained the same with regard to the previous two months from $394,483 to $412,060.5. Based on an analysis of the first four prices and the last two months the average price has gone up 108 % 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 $426,444 they are 47 % more affordable than the average price for Lake Elsinore. The properties with the highest average price have 4 bedrooms, Their price is 14 % more costly than the average. After that we have properties with 3 bedrooms priced at $397,592.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $215 / sq.feet, with an average $240 / sq.feet price in Lake Elsinore. The properties with the highest average prices have 1 bedroom. They are 60 % more expensive than the average followed by properties with 3 bedrooms with a price at $251 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $426,444 it is 14 % 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 "Townhouse". At a price of $380,705 it is 3 % 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 $119 / sq.feet followed by "Townhouse" priced at $147 / sq.feet. "House" is the cheapest type of property with a $236 / sq.feet value followed by "Townhouse" with an average price of $147 / sq.feet.