The prices in real estate in Lake Station, in the Indiana 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 Station has increased strongly during the last 6 months. In August, the average price per sq.feet was $83. In September this price pretty much remained the same at a value of $79 per sq.feet. The price for the following two months in (October, November) had a considerable increment of 394 %. The price per sq.feet has had a considerable deflation of 43 % 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 $200 to $86 during December, and January.
Based upon to the price in Lake Station (cities), this has gone downing the last 6 months. The average price for August is $109,056. During September the price had a slight fall till $95,563. In the following two months the average price has remained the same with regard to the previous two months from $102,309.5 to $107,155.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 86 %, going from $104,732.5 to $90,258.5 in December and January.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 17 % more costly than the average price of $93,796 in Lake Station. Based on the bedrooms values, properties with the highest prices are those with 1 bedroom. They are 17 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 13 % cheaper than the average price of ($69 / sq.feet) in Lake Station. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 13 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $80,108 it is 30 % cheaper than the average price in Lake Station. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Apartment". At a price of $55,899 it is 17 % 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 $51 / sq.feet followed by "Apartment" priced at $52 / sq.feet. "House" is the cheapest type of property with a $69 / sq.feet value followed by "Apartment" with an average price of $52 / sq.feet.