Property prices for sale in Franklin (Kentucky)
The prices in real estate in Franklin, 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 Franklin has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $1,254. In the following month the price per sq.feet increased considerably to $1,710. The price for the following two months in (December, January) had a considerable decrease of 17 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 20 % 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 $863.75 to $175.5 during February, and March.
Based upon to the price in Franklin (cities), these have remained the same in the last 6 months. The average price for October is $327,026. During November the price had a slight fall till $298,935. In the following two months the average price has remained the same with regard to the previous two months from $312,980.5 to $324,392.5. 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 $318,686.5 and $313,559 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $322,091 they are 63 % more affordable than the average price for Franklin. The properties with the lowest average price have 1 bedroom, Their price is 62 % cheaper than the average. After that we have properties with 2 bedrooms priced at $120,714.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $398 / sq.feet, with an average $174 / sq.feet price in Franklin. The properties with the highest average prices have 1 bedroom. They are 137 % more expensive than the average followed by properties with 2 bedrooms with a price at $408 / sq.feet.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of $322,091 it is 63 % cheaper than the average price in Franklin. "Apartment" is seen as the second most affordable property type. The cheapest type property is "Condo" followed by "Apartment". At a price of $119,508 it is 44 % 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 $20 / sq.feet followed by "Farm" priced at $393 / sq.feet. "Apartment" is the most costly type of property with a $398 / sq.feet cost followed by "Farm" with an average price of $393 / sq.feet.
