The prices in real estate in Lenexa, in the Kansas 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 Lenexa has increased strongly during the last 6 months. In October, the average price per sq.feet was $2,280. In the following month the price per sq.feet increased considerably to $3,668. In the following two months the price per sq.feet has increased 109 %, going from $2,974 to $3,246 per sq.feet. The price per sq.feet has had a considerable increase of 236 % 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 $3,110 to $7,337.5 during February, and March.
Based upon to the price in Lenexa (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $636,650. In November This price remains at $617,928. In the following two months the average price has remained the same with regard to the previous two months from $627,289 to $650,126. Based on an analysis of the first four prices and the last two months the average price has gone up 107 % 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 $679,138 they are 99 % more affordable than the average price for Lenexa. The properties with the lowest average price have 3 bedrooms, Their price is 40 % cheaper than the average. After that we have properties with 4 bedrooms priced at $245,274.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $11 / sq.feet, with an average $10,221 / sq.feet price in Lenexa. The properties with the lowest average prices have 4 bedrooms. They are 89 % cheaper than the average followed by properties with 3 bedrooms with a price at $236 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $679,138 it is 66 % cheaper than the average price in Lenexa. "Office" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "Townhouse". At a price of $240,163 it is 64 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $1,024 / sq.feet followed by "Condo" priced at $1,056 / sq.feet. "House" is the cheapest type of property with a $2,685 / sq.feet value followed by "Apartment" with an average price of $1,116 / sq.feet.