The prices in real estate in Ashland, 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 Ashland has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $138. In the following month the price per sq.feet decreased considerably to $101. The price for the following two months in (June, July) decreased 94 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 66 % 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 $115.75 to $76 during August, and September.
Based upon to the price in Ashland (cities), this has gone downing the last 6 months. The average price during our first sample month during April, is $365,171. During May the price went through a considerable rise reaching $516,933. During the following two months (June, July) the average price had a considerable reduction of 82 % 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 $401,190.5 to $158,920, which means a 40 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $146,664 they are 50 % more affordable than the average price for Ashland. The properties with the highest average price have 4 bedrooms, Their price is 118 % more costly than the average. After that we have properties with 3 bedrooms priced at $170,435.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $59 / sq.feet, with an average $74 / sq.feet price in Ashland. The properties with the highest average prices have 4 bedrooms. They are 16 % more expensive than the average followed by properties with 2 bedrooms with a price at $76 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $146,664 it is 31 % cheaper than the average price in Ashland. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of $143,146 it is 1 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $48 / sq.feet followed by "Townhouse" priced at $60 / sq.feet. "House" is the cheapest type of property with a $73 / sq.feet value followed by "Townhouse" with an average price of $60 / sq.feet.