Property prices for sale in Lancaster (Kentucky)
The prices in real estate in Lancaster, 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 Lancaster has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $3,414. In the following month the price per sq.feet decreased considerably to $360. The price for the following two months in (December, January) had a considerable decrease of 9 with regard to the prior two months. The price per sq.feet has had a considerable increase of 453 % 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 $1,028.5 to $4,660.5 during February, and March.
Based upon to the price in Lancaster (cities), this has gone up in the last 6 months. The average price during our first sample month during October, is $287,875. During November the price went through a considerable rise reaching $337,083. During the following two months (December, January) the price has had an average incrementation from $312,479 to $348,956.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 87 %, going from $330,717.75 to $287,046.5 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $277,198 they are 68 % more affordable than the average price for Lancaster. The properties with the highest average price have 4 bedrooms, Their price is 36 % more costly than the average. After that we have properties with 3 bedrooms priced at $227,003.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $45 / sq.feet, with an average $4,891 / sq.feet price in Lancaster. The properties with the lowest average prices have 3 bedrooms. They are 70 % cheaper than the average followed by properties with 4 bedrooms with a price at $1,381 / sq.feet.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of $277,198 it is 71 % 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 "Farm". At a price of $81,395 it is 21 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $186 / sq.feet followed by "House" priced at $964 / sq.feet. "House" is the cheapest type of property with a $964 / sq.feet value followed by "Farm" with an average price of $186 / sq.feet.
