The prices in real estate in Lake Havasu City, in the Arizona 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 Havasu City has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $1,987. In the following month the price per sq.feet increased considerably to $3,340. The price for the following two months in (September, October) had a considerable decrease of 21 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 14 % 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 $1,608.25 to $223.5 during November, and December.
Based upon to the price in Lake Havasu City (cities), these have remained the same in the last 6 months. The average price for July is $352,233. During August the price had a slight fall till $325,104. In the following two months the average price has remained the same with regard to the previous two months from $338,668.5 to $347,445. Based on an analysis of the first four prices and the last two months the average price has gone up 113 % 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 $394,021 they are 61 % more affordable than the average price for Lake Havasu City. The properties with the highest average price have 4 bedrooms, Their price is 52 % more costly than the average. After that we have properties with 3 bedrooms priced at $413,010.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $216 / sq.feet, with an average $219 / sq.feet price in Lake Havasu City. The properties with the highest average prices have 1 bedroom. They are 7 % more expensive than the average followed by properties with 3 bedrooms with a price at $219 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $394,021 it is 46 % cheaper than the average price in Lake Havasu City. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $230,207 it is 9 % 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 $153 / sq.feet followed by "House" priced at $218 / sq.feet. "Condo" is the most costly type of property with a $238 / sq.feet cost followed by "House" with an average price of $218 / sq.feet.