The prices in real estate in Hazard, 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 Hazard has increased strongly during the last 6 months. In April, the average price per sq.feet was $49. In the following month the price per sq.feet increased considerably to $69. The price for the following two months in (June, July) had a considerable increment of 126 %. The price per sq.feet has increased 108 % 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 $66.75 to $72 during August, and September.
Based upon to the price in Hazard (cities), these have remained the same in the last 6 months. The average price during our first sample month during April, is $259,707. During May the price went through a considerable rise reaching $314,333. During the following two months (June, July) the price has had an average incrementation from $287,020 to $304,101. During the last two months the average price has had a strong fall compared to the previous four going from $295,560.5 to $178,641.5, which means a 60 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $159,100 they are 61 % more affordable than the average price for Hazard. The properties with the highest average price have 4 bedrooms, Their price is 61 % more costly than the average. After that we have properties with 3 bedrooms priced at $144,550.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $56 / sq.feet, with an average $72 / sq.feet price in Hazard. The properties with the highest average prices have 4 bedrooms. They are 28 % more expensive than the average followed by properties with 3 bedrooms with a price at $87 / sq.feet.
With regard to the average price based upon the property in Hazard we can see that the cheapest property type is "House" at a price of $157,590, they are 1 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 1 % more affordable than the average price aforementioned.
According to the average area price by sq.feet the most costly property type is "House with an average price of $74 / sq.feet. "House" at an average price of $74 / sq.feet has the most expensive price and would be directed at more affluent cities.