Property prices for sale in Frankfort (Kentucky)
The prices in real estate in Frankfort, in the Kentucky 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 Frankfort has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $2,186. In the following month the price per sq.feet decreased considerably to $860. The price for the following two months in (January, February) had a considerable decrease of 63 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 30 % 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 $1,241 to $378 during March, and April.
Based upon to the price in Frankfort (cities), this has fallen considerably in the last 6 months. The average price for November is $361,093. During December the price had a slight fall till $311,358. During the following two months (January, February) the average price fell 91 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 92 %, going from $321,867.75 to $295,122 in March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $303,530 they are 43 % more affordable than the average price for Frankfort. The properties with the highest average price have 4 bedrooms, Their price is 20 % more costly than the average. After that we have properties with 3 bedrooms priced at $292,303.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $147 / sq.feet, with an average $200 / sq.feet price in Frankfort. The properties with the highest average prices have 3 bedrooms. They are 22 % more expensive than the average followed by properties with 1 bedroom with a price at $219 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $303,530 it is 65 % cheaper than the average price in Frankfort. "House" is seen as the second most affordable property type. The dearest property type is "Farm" followed by "Land". At a price of $627,236 it is 152 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $62 / sq.feet followed by "House" priced at $163 / sq.feet. "Land" is the most costly type of property with a $18,528 / sq.feet cost followed by "Farm" with an average price of $6,548 / sq.feet.
