The prices in real estate in Lexington Park, in the Maryland 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 Park has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $185. In May this price pretty much remained the same at a value of $186 per sq.feet. The price for the following two months in (June, July) had a considerable decrease of 78 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 82 % 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 $165.5 to $136.5 during August, and September.
Based upon to the price in Lexington Park (cities), this has fallen considerably in the last 6 months. The price in April is $499,411, rising in May till $530,557. During the following two months (June, July) the average price had a considerable reduction of 66 % 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 $427,487.25 to $293,862.5, which means a 69 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $293,634 they are 38 % more affordable than the average price for Lexington Park. 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 2 bedrooms priced at $225,449.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $113 / sq.feet, with an average $133 / sq.feet price in Lexington Park. The properties with the highest average prices have 2 bedrooms. They are 18 % more expensive than the average followed by properties with 1 bedroom with a price at $147 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $293,634 it is 54 % cheaper than the average price in Lexington Park. "Apartment" is seen as the second most affordable property type. The cheapest type property is "Land" followed by "Condo". At a price of $210,409 it is 15 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $113 / sq.feet followed by "Condo" priced at $122 / sq.feet. "House" is the most costly type of property with a $616 / sq.feet cost followed by "Apartment" with an average price of $140 / sq.feet.