Property prices for sale in Frankfort (Kentucky)
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 March, the average price per sq.feet was $556. In the following month the price per sq.feet decreased considerably to $200. The price for the following two months in (May, June) had a considerable increment of 410 %. The price per sq.feet has had a considerable increase of 200 % 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 $963.25 to $1,930 during July, and August.
Based upon to the price in Frankfort (cities), this has gone up in the last 6 months. The price in March is $286,714, rising in April till $303,530. During the following two months (May, June) the price has had an average incrementation from $295,122 to $323,114.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $309,118.25 and $301,120.5 between July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $327,483 they are 59 % more affordable than the average price for Frankfort. The properties with the highest average price have 4 bedrooms, Their price is 9 % more costly than the average. After that we have properties with 3 bedrooms priced at $285,964.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $88 / sq.feet, with an average $2,582 / sq.feet price in Frankfort. The properties with the lowest average prices have 3 bedrooms. They are 41 % cheaper than the average followed by properties with 4 bedrooms with a price at $1,244 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $327,483 it is 68 % cheaper than the average price in Frankfort. "Land" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Farm". At a price of $368,475 it is 208 % 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 $83 / sq.feet followed by "Commercial" priced at $121 / sq.feet. "Land" is the most costly type of property with a $14,294 / sq.feet cost followed by "House" with an average price of $2,238 / sq.feet.
