The prices in real estate in Lancaster, in the California 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 Lancaster has increased strongly during the last 6 months. In September, the average price per sq.feet was $99. In the following month the price per sq.feet increased considerably to $147. The price for the following two months in (November, December) had a considerable increment of 151 %. The price per sq.feet has had a considerable increase of 131 % 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 $154.5 to $203 during January, and February.
Based upon to the price in Lancaster (cities), this has gone up in the last 6 months. In our first sample month during September, the average price is $310,113. In October This price remains at $308,623. During the following two months (November, December) the price has had an average incrementation from $309,368 to $333,658. Based on an analysis of the first four prices and the last two months the average price has gone up 106 % 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 $343,380 they are 57 % more affordable than the average price for Lancaster. The properties with the highest average price have 4 bedrooms, Their price is 13 % more costly than the average. After that we have properties with 3 bedrooms priced at $331,676.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $195 / sq.feet, with an average $206 / sq.feet price in Lancaster. The properties with the highest average prices have 1 bedroom. They are 44 % more expensive than the average followed by properties with 2 bedrooms with a price at $247 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $343,380 it is 78 % cheaper than the average price in Lancaster. "Condo" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $349,797 it is 194 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $158 / sq.feet followed by "Condo" priced at $161 / sq.feet. "Land" is the most costly type of property with a $17,638 / sq.feet cost followed by "Commercial" with an average price of $6,536 / sq.feet.