The prices in real estate in Franklin, 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 Franklin has increased strongly during the last 6 months. In May, the average price per sq.feet was . In the following month the price per sq.feet increased considerably to $90. The price for the following two months in (July, August) had a considerable increment of 189 %. The price per sq.feet has had a considerable increase of 157 % 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 $65 to $102 during September, and October.
Based upon to the price in Franklin (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during May, is . During June the price went through a considerable rise reaching $221,402. During the following two months (July, August) the average price had a considerable increase of 177 % 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 risen strongly 148 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 47 % cheaper than the average price of $123,784 in Franklin. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 47 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 351 % more costly than the average price of ($433 / sq.feet) in Franklin. Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 351 % more costly than the average value aforementioned.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $232,070 it is 47 % cheaper than the average price in Franklin. "Condo" is seen as the second most affordable property type. The cheapest type property is "Condo" followed by "House". At a price of $123,784 it is 19 % 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 $60 / sq.feet followed by "House" priced at $433 / sq.feet. "House" is the most costly type of property with a $433 / sq.feet cost followed by "Condo" with an average price of $60 / sq.feet.