The prices in real estate in Lake Panasoffkee, in the Florida 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 Panasoffkee has increased strongly during the last 6 months. In March, the average price per sq.feet was $143. In April this price pretty much remained the same at a value of $146 per sq.feet. In the following two months the price per sq.feet has increased 110 %, going from $144.5 to $159 per sq.feet. The price per sq.feet has had a considerable increase of 233 % 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 $151.75 to $354 during July, and August.
Based upon to the price in Lake Panasoffkee (cities), this has gone up considerably in the last 6 months. The average price for March is $246,742. During April the price had a considerable reduction till $198,766. In the following two months the average price has remained the same with regard to the previous two months from $222,754 to $226,589. Based on an analysis of the first four prices and the last two months the average price has risen strongly 268 % 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 $295,575 they are 71 % more affordable than the average price for Lake Panasoffkee. The properties with the lowest average price have 4 bedrooms, Their price is 19 % cheaper than the average. After that we have properties with 2 bedrooms priced at $224,209.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $95 / sq.feet, with an average $182 / sq.feet price in Lake Panasoffkee. The properties with the lowest average prices have 2 bedrooms. They are 4 % cheaper than the average followed by properties with 1 bedroom with a price at $156 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $295,575 it is 71 % cheaper than the average price in Lake Panasoffkee. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Land". At a price of $84,719 it is 33 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $142 / sq.feet followed by "Land" priced at $1,081 / sq.feet. "Land" is the most costly type of property with a $1,081 / sq.feet cost followed by "House" with an average price of $142 / sq.feet.