The prices in real estate in Lake Geneva, in the Wisconsin 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 Geneva has increased strongly during the last 6 months. In December, the average price per sq.feet was $204. In January this price pretty much remained the same at a value of $210 per sq.feet. The price for the following two months in (February, March) had a considerable increment of 116 %. The price per sq.feet has had a considerable increase of 128 % 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 $223.75 to $287 during April, and May.
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 December, the average price is $430,832. In January This price remains at $411,872. During the following two months (February, March) the average price had a considerable increase of 137 % 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 192 % 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 $875,136 they are 87 % more affordable than the average price for Lake Geneva. The properties with the highest average price have 4 bedrooms, Their price is 15 % more costly than the average. After that we have properties with 3 bedrooms priced at $433,081.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $173 / sq.feet, with an average $290 / sq.feet price in Lake Geneva. The properties with the highest average prices have 4 bedrooms. They are 12 % more expensive than the average followed by properties with 2 bedrooms with a price at $310 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $875,136 it is 71 % cheaper than the average price in Lake Geneva. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Farm". At a price of $1,234,880 it is 70 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $151 / sq.feet followed by "Condo" priced at $200 / sq.feet. "House" is the most costly type of property with a $322 / sq.feet cost followed by "Land" with an average price of $313 / sq.feet.