The prices in real estate in Newman Lake, in the Washington 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 Newman Lake has increased strongly during the last 6 months. In October, the average price per sq.feet was $347. In the following month the price per sq.feet decreased to $327. The price for the following two months in (December, January) had a considerable increment of 131 %. The price per sq.feet has had a considerable increase of 153 % 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 $389.75 to $595.5 during February, and March.
Based upon to the price in Newman Lake (cities), this has gone downing the last 6 months. In our first sample month during October, the average price is $782,746. In November This price remains at $811,246. During the following two months (December, January) the average price had a considerable reduction of 76 % 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 107 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $776,988 they are 75 % more affordable than the average price for Newman Lake. The properties with the lowest average price have 3 bedrooms, Their price is 10 % cheaper than the average. After that we have properties with 4 bedrooms priced at $690,984.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $244 / sq.feet, with an average $879 / sq.feet price in Newman Lake. The properties with the highest average prices have 1 bedroom. They are 11 % more expensive than the average followed by properties with 3 bedrooms with a price at $417 / sq.feet.
With regard to the average price based upon the property in Newman Lake we can see that the cheapest property type is "House" at a price of $611,963, they are 21 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 21 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $260 / sq.feet. "House" with an average cost of $260 / sq.feet has the lowest price and would be directed at less affluent cities.