The prices in real estate in Lake Panasoffkee, in the Florida 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 Panasoffkee has had a strong decrease during the last 6 months. In June, the average price per sq.feet was $15,964. In the following month the price per sq.feet decreased to $14,637. The price for the following two months in (August, September) had a considerable decrease of 1 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 2 % 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 $7,740.25 to $134.5 during October, and November.
Based upon to the price in Lake Panasoffkee (cities), this has fallen considerably in the last 6 months. The price in June is $1,439,504, rising in July till $1,566,638. During the following two months (August, September) the average price had a considerable reduction of 17 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $880,150.75 to $261,267, which means a 30 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $272,866 they are 42 % more affordable than the average price for Lake Panasoffkee. The properties with the highest average price have 1 bedroom, Their price is 357 % more costly than the average. After that we have properties with 4 bedrooms priced at $557,879.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $138 / sq.feet, with an average $138 / sq.feet price in Lake Panasoffkee. The properties with the highest average prices have 1 bedroom. They are 1228 % more expensive than the average followed by properties with 4 bedrooms with a price at $170 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $272,866 it is 68 % cheaper than the average price in Lake Panasoffkee. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $87,580 it is 5 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $135 / sq.feet followed by "Land" priced at $1,147 / sq.feet. "Land" is the most costly type of property with a $1,147 / sq.feet cost followed by "House" with an average price of $135 / sq.feet.