The prices in real estate in Lake Geneva, in the Wisconsin region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Lake Geneva has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $345. In the following month the price per sq.feet decreased considerably to $191. The price for the following two months in (December, January) decreased 86 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 76 % 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 $248.75 to $189 during February, and March.
Based upon to the price in Lake Geneva (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $331,718. During November the price went through a considerable rise reaching $390,520. During the following two months (December, January) the average price had a considerable increase of 151 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 91 %, going from $452,310.75 to $410,397.5 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $383,949 they are 68 % more affordable than the average price for Lake Geneva. The properties with the highest average price have 4 bedrooms, Their price is 225 % more costly than the average. After that we have properties with 3 bedrooms priced at $618,600.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $175 / sq.feet, with an average $190 / sq.feet price in Lake Geneva. The properties with the highest average prices have 4 bedrooms. They are 56 % more expensive than the average followed by properties with 3 bedrooms with a price at $272 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $383,949 it is 59 % cheaper than the average price in Lake Geneva. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Farm". At a price of $1,252,307 it is 1166 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $158 / sq.feet followed by "Townhouse" priced at $165 / sq.feet. "House" is the most costly type of property with a $428 / sq.feet cost followed by "Land" with an average price of $327 / sq.feet.