The prices in real estate in Burlington, in the Kentucky 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 Burlington has fallen in the last 6 months. In April, the average price per sq.feet was $141. In May this price pretty much remained the same at a value of $139 per sq.feet. The price for the following two months in (June, July) decreased 95 % with regard to the prior two months. The price per sq.feet has decreased 94 % 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 $136.25 to $127.5 during August, and September.
Based upon to the price in Burlington (cities), this has gone up in the last 6 months. In our first sample month during April, the average price is $196,397. In May This price remains at $193,634. In the following two months the average price has remained the same with regard to the previous two months from $195,015.5 to $204,147.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 116 % 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 $235,922 they are 16 % more affordable than the average price for Burlington. The properties with the highest average price have 4 bedrooms, Their price is 15 % more costly than the average. After that we have properties with 3 bedrooms priced at $235,737.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $92 / sq.feet, with an average $119 / sq.feet price in Burlington. The properties with the highest average prices have 2 bedrooms. They are 76 % more expensive than the average followed by properties with 1 bedroom with a price at $107 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $235,922 it is 14 % cheaper than the average price in Burlington. "House" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "House". At a price of $202,689 it is 8 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $105 / sq.feet followed by "Apartment" priced at $108 / sq.feet. "House" is the most costly type of property with a $711 / sq.feet cost followed by "Apartment" with an average price of $108 / sq.feet.