Property prices for sale in Lake Lure (North Carolina)
The prices in real estate in Lake Lure, in the North Carolina 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 Lure has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $6,441. In the following month the price per sq.feet decreased considerably to $984. The price for the following two months in (December, January) had a considerable decrease of 72 with regard to the prior two months. The price per sq.feet has had a considerable increase of 199 % 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 $3,183.5 to $6,344 during February, and March.
Based upon to the price in Lake Lure (cities), these have remained the same in the last 6 months. The average price during our first sample month during October, is $505,277. During November the price went through a considerable rise reaching $602,678. In the following two months the average price has remained the same with regard to the previous two months from $553,977.5 to $541,410.5. During the last two months the average price has had a strong fall compared to the previous four going from $547,694 to $401,295, which means a 73 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $365,729 they are 25 % more affordable than the average price for Lake Lure. The properties with the highest average price have 4 bedrooms, Their price is 187 % more costly than the average. After that we have properties with 3 bedrooms priced at $709,724.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $302 / sq.feet, with an average $7,417 / sq.feet price in Lake Lure. The properties with the lowest average prices have 1 bedroom. They are 94 % cheaper than the average followed by properties with 4 bedrooms with a price at $376 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $365,729 it is 88 % cheaper than the average price in Lake Lure. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $299,336 it is 107 % 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 $278 / sq.feet followed by "House" priced at $323 / sq.feet. "Land" is the most costly type of property with a $25,470 / sq.feet cost followed by "House" with an average price of $323 / sq.feet.
