The prices in real estate in Lower Lake, in the California 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 Lower Lake has increased strongly during the last 6 months. In October, the average price per sq.feet was $242. In the following month the price per sq.feet increased considerably to $344. The price for the following two months in (December, January) decreased 91 % with regard to the prior two months. The price per sq.feet has increased 112 % 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 $280.5 to $313 during February, and March.
Based upon to the price in Lower Lake (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $400,070. During November the price went through a considerable rise reaching $511,487. During the following two months (December, January) the average price fell 95 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 112 % 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 $490,390 they are 62 % more affordable than the average price for Lower Lake. The properties with the highest average price have 4 bedrooms, Their price is 172 % more costly than the average. After that we have properties with 3 bedrooms priced at $396,554.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $222 / sq.feet, with an average $314 / sq.feet price in Lower Lake. The properties with the highest average prices have 4 bedrooms. They are 118 % more expensive than the average followed by properties with 2 bedrooms with a price at $309 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $490,390 it is 17 % cheaper than the average price in Lower Lake. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Apartment". At a price of $406,841 it is 34 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $171 / sq.feet followed by "House" priced at $337 / sq.feet. "House" is the most costly type of property with a $337 / sq.feet cost followed by "Apartment" with an average price of $171 / sq.feet.