The prices in real estate in Lancaster, 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 Lancaster has increased strongly during the last 6 months. In April, the average price per sq.feet was $87. In the following month the price per sq.feet increased considerably to $873. The price for the following two months in (June, July) had a considerable increment of 159 %. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $620.5 to $637.5 during August y September
Based upon to the price in Lancaster (cities), these have remained the same in the last 6 months. The average price for April is $157,950. During May the price had a slight fall till $140,191. During the following two months (June, July) the price has had an average incrementation from $149,070.5 to $170,752.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $159,911.5 and $160,113 between August and September.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $154,379 they are 40 % more affordable than the average price for Lancaster. The properties with the highest average price have 4 bedrooms, Their price is 154 % more costly than the average. After that we have properties with 3 bedrooms priced at $236,766.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $87 / sq.feet, with an average $611 / sq.feet price in Lancaster. The properties with the highest average prices have 3 bedrooms. They are 153 % more expensive than the average followed by properties with 4 bedrooms with a price at $1,465 / sq.feet.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of $154,379 it is 45 % cheaper than the average price in Lancaster. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Farm". At a price of $84,908 it is 48 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $228 / sq.feet followed by "House" priced at $1,012 / sq.feet. "House" is the most costly type of property with a $1,012 / sq.feet cost followed by "Farm" with an average price of $228 / sq.feet.