Property prices for sale in Lake Villa (Illinois)
The prices in real estate in Lake Villa, in the Illinois 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 Villa has increased strongly during the last 6 months. In October, the average price per sq.feet was $177. In the following month the price per sq.feet decreased to $168. In the following two months the price per sq.feet has barely changed, going from $172.5 to $176 per sq.feet. The price per sq.feet has had a considerable increase of 5556 % 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 $174.25 to $9,681.5 during February, and March.
Based upon to the price in Lake Villa (cities), this has gone up considerably in the last 6 months. The average price for October is $328,646. During November the price had a slight fall till $305,720. During the following two months (December, January) the price has had an average incrementation from $317,183 to $338,380.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 151 % 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 $574,391 they are 73 % more affordable than the average price for Lake Villa. The properties with the lowest average price have 4 bedrooms, Their price is 40 % cheaper than the average. After that we have properties with 3 bedrooms priced at $314,232.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $137 / sq.feet, with an average $13,131 / sq.feet price in Lake Villa. The properties with the lowest average prices have 1 bedroom. They are 99 % cheaper than the average followed by properties with 3 bedrooms with a price at $171 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $574,391 it is 66 % cheaper than the average price in Lake Villa. "Apartment" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Apartment". At a price of $203,245 it is 50 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $83 / sq.feet followed by "Condo" priced at $98 / sq.feet. "House" is the cheapest type of property with a $150 / sq.feet value followed by "Condo" with an average price of $98 / sq.feet.
