The prices in real estate in Lennox, in the South Dakota 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 Lennox has had a strong decrease during the last 6 months. In January, the average price per sq.feet was $531. In the following month the price per sq.feet decreased considerably to $296. The price for the following two months in (March, April) had a considerable decrease of 56 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 68 % 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 $321.5 to $217.5 during May, and June.
Based upon to the price in Lennox (cities), this has fallen considerably in the last 6 months. In our first sample month during January, the average price is $687,960. In February This price remains at $689,950. During the following two months (March, April) the average price had a considerable reduction of 82 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $625,492.5 to $478,188, which means a 76 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $512,447 they are 65 % more affordable than the average price for Lennox. The properties with the lowest average price have 3 bedrooms, Their price is 58 % cheaper than the average. After that we have properties with 2 bedrooms priced at $205,172.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $72 / sq.feet, with an average $205 / sq.feet price in Lennox. The properties with the lowest average prices have 2 bedrooms. They are 54 % cheaper than the average followed by properties with 1 bedroom with a price at $93 / sq.feet.
With regard to the average price based upon the property in Lennox we can see that the cheapest property type is "House" at a price of $216,370, they are 58 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 58 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $72 / sq.feet. "House" with an average cost of $72 / sq.feet has the lowest price and would be directed at less affluent cities.