The prices in real estate in Lexington Park, in the Maryland 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 Lexington Park has increased strongly during the last 6 months. In December, the average price per sq.feet was $130. In January this price pretty much remained the same at a value of $127 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $128.5 to $126.5 per sq.feet. The price per sq.feet has had a considerable increase of 145 % 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 $127.5 to $185.5 during April, and May.
Based upon to the price in Lexington Park (cities), this has gone up considerably in the last 6 months. In our first sample month during December, the average price is $276,314. In January This price remains at $279,433. In the following two months the average price has remained the same with regard to the previous two months from $277,873.5 to $278,000. Based on an analysis of the first four prices and the last two months the average price has risen strongly 185 % 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 $530,557 they are 65 % more affordable than the average price for Lexington Park. The properties with the lowest average price have 4 bedrooms, Their price is 43 % cheaper than the average. After that we have properties with 2 bedrooms priced at $240,354.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $112 / sq.feet, with an average $186 / sq.feet price in Lexington Park. The properties with the lowest average prices have 2 bedrooms. They are 0 % cheaper than the average followed by properties with 1 bedroom with a price at $148 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $530,557 it is 75 % 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 "Apartment". At a price of $180,545 it is 53 % 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 $117 / sq.feet followed by "Apartment" priced at $139 / sq.feet. "Condo" is the most costly type of property with a $620 / sq.feet cost followed by "Apartment" with an average price of $139 / sq.feet.