The prices in real estate in Pocono Lake, in the Pennsylvania region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Pocono Lake has fallen in the last 6 months. In January, the average price per sq.feet was $224. In the following month the price per sq.feet decreased considerably to $179. In the following two months the price per sq.feet has barely changed, going from $201.5 to $203.5 per sq.feet. 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 $202.5 to $227.5 during May, and June.
Based upon to the price in Pocono Lake (cities), this has gone downing the last 6 months. The average price for January is $336,044. During February the price had a considerable reduction till $279,385. In the following two months the average price has remained the same with regard to the previous two months from $307,714.5 to $293,267.5. Based on an analysis of the first four prices and the last two months the average price has gone up 110 % 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 $328,692 they are 72 % more affordable than the average price for Pocono Lake. The properties with the lowest average price have 1 bedroom, Their price is 36 % cheaper than the average. After that we have properties with 4 bedrooms priced at $201,411.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $70 / sq.feet, with an average $230 / sq.feet price in Pocono Lake. The properties with the lowest average prices have 1 bedroom. They are 54 % cheaper than the average followed by properties with 2 bedrooms with a price at $71 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $328,692 it is 64 % cheaper than the average price in Pocono Lake. "Farm" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Farm". At a price of $165,043 it is 48 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $79 / sq.feet followed by "House" priced at $85 / sq.feet. "Commercial" is the cheapest type of property with a $128 / sq.feet value followed by "House" with an average price of $85 / sq.feet.