The prices in real estate in Lake Geneva, in the Wisconsin region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Lake Geneva has fallen in the last 6 months. In August, the average price per sq.feet was $191. In the following month the price per sq.feet decreased to $175. In the following two months the price per sq.feet has barely changed, going from $183 to $175 per sq.feet. The price per sq.feet has increased 105 % 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 $179 to $188.5 during December, and January.
Based upon to the price in Lake Geneva (cities), this has gone up considerably in the last 6 months. In our first sample month during August, the average price is $310,921. In September This price remains at $319,739. During the following two months (October, November) the average price had a considerable increase of 120 % 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 127 % 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 $404,247 they are 75 % more affordable than the average price for Lake Geneva. The properties with the highest average price have 4 bedrooms, Their price is 29 % more costly than the average. After that we have properties with 3 bedrooms priced at $367,194.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $161 / sq.feet, with an average $188 / sq.feet price in Lake Geneva. The properties with the highest average prices have 3 bedrooms. They are 5 % more expensive than the average followed by properties with 2 bedrooms with a price at $190 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $404,247 it is 36 % cheaper than the average price in Lake Geneva. "Farm" is seen as the second most affordable property type. The dearest property type is "House" followed by "Farm". At a price of $337,477 it is 598 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $173 / sq.feet followed by "Condo" priced at $212 / sq.feet. "House" is the most costly type of property with a $391 / sq.feet cost followed by "Condo" with an average price of $212 / sq.feet.