The prices in real estate in Frankfort, in the Kentucky region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Frankfort has increased strongly during the last 6 months. In January, the average price per sq.feet was $1,044. In the following month the price per sq.feet increased considerably to $1,427. The price for the following two months in (March, April) had a considerable increment of 125 %. The price per sq.feet has had a considerable increase of 130 % 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 $1,389.25 to $1,803 during May, and June.
Based upon to the price in Frankfort (cities), these have remained the same in the last 6 months. In our first sample month during January, the average price is $207,329. In February This price remains at $208,955. During the following two months (March, April) the average price fell 94 % with regard to the previous two months. 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 1 bedroom are the cheapest ones. At a price of $211,913 they are 54 % more affordable than the average price for Frankfort. The properties with the highest average price have 4 bedrooms, Their price is 28 % more costly than the average. After that we have properties with 1 bedroom priced at $97,531.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $261 / sq.feet, with an average $1,571 / sq.feet price in Frankfort. The properties with the highest average prices have 4 bedrooms. They are 133 % more expensive than the average followed by properties with 1 bedroom with a price at $261 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $211,913 it is 48 % cheaper than the average price in Frankfort. "Farm" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $199,748 it is 144 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $226 / sq.feet followed by "Apartment" priced at $441 / sq.feet. "Commercial" is the most costly type of property with a $4,121 / sq.feet cost followed by "House" with an average price of $2,045 / sq.feet.