The prices in real estate in Lexington, 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 Lexington has had a strong decrease during the last 6 months. In June, the average price per sq.feet was $5,566. In the following month the price per sq.feet decreased considerably to $2,821. The price for the following two months in (August, September) had a considerable decrease of 3 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 6 % 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 $2,152.25 to $122 during October, and November.
Based upon to the price in Lexington (cities), this has gone downing the last 6 months. In our first sample month during June, the average price is $273,959. In July This price remains at $265,450. During the following two months (August, September) the average price had a considerable reduction of 80 % 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 117 % 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 $340,455 they are 58 % more affordable than the average price for Lexington. The properties with the highest average price have 4 bedrooms, Their price is 3 % more costly than the average. After that we have properties with 3 bedrooms priced at $236,795.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $127 / sq.feet, with an average $133 / sq.feet price in Lexington. The properties with the highest average prices have 1 bedroom. They are 26 % more expensive than the average followed by properties with 2 bedrooms with a price at $142 / sq.feet.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of $340,455 it is 34 % cheaper than the average price in Lexington. "House" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "House". At a price of $329,097 it is 1 % 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 $131 / sq.feet followed by "Farm" priced at $4,192 / sq.feet. "Condo" is the most costly type of property with a $7,532 / sq.feet cost followed by "Farm" with an average price of $4,192 / sq.feet.