The prices in real estate in Lancaster, in the California 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 Lancaster has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $211. In August this price pretty much remained the same at a value of $208 per sq.feet. The price for the following two months in (September, October) had a considerable decrease of 45 with regard to the prior two months. The price per sq.feet has increased 109 % 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 $152.25 to $166 during November, and December.
Based upon to the price in Lancaster (cities), these have remained the same in the last 6 months. In our first sample month during July, the average price is $235,175. In August This price remains at $240,673. During the following two months (September, October) the average price had a considerable reduction of 54 % 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 176 % 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 0 % cheaper than the average price of $315,743 in Lancaster. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 0 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 0 % cheaper than the average price of ($167 / sq.feet) in Lancaster. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 0 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $315,743 it is 41 % cheaper than the average price in Lancaster. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of $184,721 it is 0 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $167 / sq.feet followed by "Townhouse" priced at $179 / sq.feet. "Townhouse" is the most costly type of property with a $179 / sq.feet cost followed by "House" with an average price of $167 / sq.feet.