The prices in real estate in Newman Lake, in the Washington region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Newman Lake has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $879. In the following month the price per sq.feet decreased considerably to $409. The price for the following two months in (May, June) had a considerable decrease of 59 with regard to the prior two months. The price per sq.feet has had a considerable increase of 116 % 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 $513 to $594 during July, and August.
Based upon to the price in Newman Lake (cities), these have remained the same in the last 6 months. In our first sample month during March, the average price is $776,988. In April This price remains at $752,717. In the following two months the average price has remained the same with regard to the previous two months from $764,852.5 to $730,572.5. Based on an analysis of the first four prices and the last two months the average price has gone up 115 % 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 $851,884 they are 77 % more affordable than the average price for Newman Lake. The properties with the lowest average price have 3 bedrooms, Their price is 18 % cheaper than the average. After that we have properties with 4 bedrooms priced at $687,534.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $239 / sq.feet, with an average $820 / sq.feet price in Newman Lake. The properties with the highest average prices have 1 bedroom. They are 19 % more expensive than the average followed by properties with 3 bedrooms with a price at $412 / 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 $608,907, they are 29 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 29 % 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 $255 / sq.feet. "House" with an average cost of $255 / sq.feet has the lowest price and would be directed at less affluent cities.