The prices in real estate in Palmer Lake, in the Colorado 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 Palmer Lake has increased strongly during the last 6 months. In October, the average price per sq.feet was $281. In November this price pretty much remained the same at a value of $285 per sq.feet. In the following two months the price per sq.feet has increased 108 %, going from $283 to $304.5 per sq.feet. The price per sq.feet has had a considerable increase of 9928 % 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 $293.75 to $29,164.5 during February, and March.
Based upon to the price in Palmer Lake (cities), this has fallen considerably in the last 6 months. The average price for October is $621,100. During November the price had a slight fall till $585,942. During the following two months (December, January) the average price fell 85 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $558,475.5 to $441,635.5, which means a 79 % fall.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 16 % more costly than the average price of $479,019 in Palmer Lake. Based on the bedrooms values, properties with the highest prices are those with 1 bedroom. They are 16 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 100 % cheaper than the average price of ($130 / sq.feet) in Palmer Lake. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 100 % cheaper than the average value aforementioned.