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 May, the average price per sq.feet was $930. In the following month the price per sq.feet increased considerably to $1,679. The price for the following two months in (July, August) had a considerable increment of 155 %. The price per sq.feet has had a considerable deflation of 42 % 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 $1,662.5 to $697.5 during September, and October.
Based upon to the price in Lake Geneva (cities), this has gone up in the last 6 months. The average price during our first sample month during May, is $284,276. During June the price went through a considerable rise reaching $341,187. In the following two months the average price has remained the same with regard to the previous two months from $312,731.5 to $317,345.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $315,038.5 and $315,938 between September and October.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $331,718 they are 64 % more affordable than the average price for Lake Geneva. The properties with the highest average price have 4 bedrooms, Their price is 132 % more costly than the average. After that we have properties with 3 bedrooms priced at $414,397.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $187 / sq.feet, with an average $345 / sq.feet price in Lake Geneva. The properties with the highest average prices have 4 bedrooms. They are 333 % more expensive than the average followed by properties with 3 bedrooms with a price at $985 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $331,718 it is 39 % cheaper than the average price in Lake Geneva. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Farm" followed by "House". At a price of $371,210 it is 279 % 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 $163 / sq.feet followed by "Townhouse" priced at $170 / sq.feet. "House" is the most costly type of property with a $470 / sq.feet cost followed by "Land" with an average price of $464 / sq.feet.