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 September, the average price per sq.feet was $190. In the following month the price per sq.feet decreased considerably to . The price for the following two months in (November, December) had a considerable increment of 175 %. The price per sq.feet has had a considerable increase of 126 % 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 $130.5 to $164.5 during January, and February.
Based upon to the price in Lancaster (cities), these have remained the same in the last 6 months. The average price for September is $257,574. During October the price had a considerable reduction till . During the following two months (November, December) the average price had a considerable increase of 251 % 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 151 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $363,527 they are 52 % more affordable than the average price for Lancaster. The properties with the highest average price have 1 bedroom, Their price is 10 % more costly than the average. After that we have properties with 4 bedrooms priced at $387,431.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $157 / sq.feet, with an average $160 / sq.feet price in Lancaster. The properties with the highest average prices have 1 bedroom. They are 49 % more expensive than the average followed by properties with 2 bedrooms with a price at $188 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $363,527 it is 26 % cheaper than the average price in Lancaster. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $268,000 it is 10 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $159 / sq.feet followed by "Duplex" priced at $188 / sq.feet. "Townhouse" is the most costly type of property with a $189 / sq.feet cost followed by "Duplex" with an average price of $188 / sq.feet.