The average price in the Kentucky region has had an strong increase in recent months. There has been a strong inflation in the prices in this region.
The price per sq.feet in Kentucky has increased strongly in the last 6 months. During October, the average price per sq.feet was $278. The following month (November) the price had a considerable increase reaching $716 per sq.feet. The following two months (December, January) went through a considerable deflation of 45 % in the price per sq.feet with regard to the previous two. In the last two months, the price per sq.feet has had a significant decrease of 69 %. This has been obtained by comparing the price of $361.5 for the first four months of the sample with regard to the previous 4 months and the price of $248.5 per sq.feet for the last two months (February, March).
Based upon to the price in Kentucky(region), these have remained the same in the last 6 months. The average price in October is $332,165. In November the price increased to $377,493. The average price for the following two months (December, January) decreased 86 % compared to the prior two. During the last two months the average price has remained stagnant and has gone from $330,841.75 to $327,971 during February and March.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 51 % more affordable than the average price in Kentucky followed by those with 2 with an average price of $201,862. The most costly properties have 4 bedrooms. They are 21 % more expensive than the average followed by those properties with 3 bedrooms priced at $276,358.
Based on the average price per sq.feet those properties with 2 bedrooms are the cheapest ones with a price of $177 / sq.feet being $291 / sq.feet the average value within the Kentucky region. The properties with the most expensive average price are those with 4 bedrooms. These are 155 % more costly than the average followed by those with 1 bedroom with a price of $243 / sq.feet.
The graph displaying the average price according to the property type shows "Land" as the cheapest one. With an average cost of $359,361 it is 82 % more affordable than the average in Kentucky. This is followed by "Condo" with a price of $245,269. The dearest property type is "Commercial" and is 13 % more expensive than the average, followed by "House" with a cost of $362,167.
Based on the average cost per sq.feet the cheapest property type is "Commercial with a an average cost of $121 / sq.feet, followed by "Townhouse" with a price of $153 / sq.feet. "Farm" with an average price of $1,679 / sq.feet is the most costly type of property followed by "Land" at a price of $652 / sq.feet.