The prices in real estate in Lakeland, 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 Lakeland has increased strongly during the last 6 months. In May, the average price per sq.feet was $115. In June this price pretty much remained the same at a value of $113 per sq.feet. The price for the following two months in (July, August) had a considerable increment of 223 %. The price per sq.feet has had a considerable deflation of 48 % 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 $184.25 to $88 during September, and October.
Based upon to the price in Lakeland (cities), this has gone downing the last 6 months. In our first sample month during May, the average price is $173,627. In June This price remains at $172,521. In the following two months the average price has remained the same with regard to the previous two months from $173,074 to $169,341. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 88 %, going from $171,207.5 to $150,074 in September and October.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $160,942 they are 24 % more affordable than the average price for Lakeland. The properties with the highest average price have 4 bedrooms, Their price is 94 % more costly than the average. After that we have properties with 3 bedrooms priced at $163,972.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of $91 / sq.feet, with an average $88 / sq.feet price in Lakeland. The properties with the highest average prices have 1 bedroom. They are 56 % more expensive than the average followed by properties with 4 bedrooms with a price at $112 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $160,942 it is 2 % cheaper than the average price in Lakeland. "House" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Apartment". At a price of $222,225 it is 259 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $80 / sq.feet followed by "House" priced at $103 / sq.feet. "Commercial" is the most costly type of property with a $570 / sq.feet cost followed by "Condo" with an average price of $161 / sq.feet.