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 March, the average price per sq.feet was $131. In April this price pretty much remained the same at a value of $133 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $132 to $127.5 per sq.feet. The price per sq.feet has had a considerable increase of 150 % 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 $129.75 to $195 during July, and August.
Based upon to the price in Lexington Park (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during March, is $224,686. During April the price went through a considerable rise reaching $297,402. In the following two months the average price has remained the same with regard to the previous two months from $261,044 to $259,343.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $260,193.75 and $252,283 between July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $272,708 they are 33 % more affordable than the average price for Lexington Park. The properties with the highest average price have 4 bedrooms, Their price is 11 % more costly than the average. After that we have properties with 2 bedrooms priced at $226,128.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $121 / sq.feet, with an average $127 / sq.feet price in Lexington Park. The properties with the highest average prices have 2 bedrooms. They are 26 % more expensive than the average followed by properties with 1 bedroom with a price at $150 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $272,708 it is 50 % 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 $182,182 it is 7 % 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 $126 / sq.feet followed by "Apartment" priced at $148 / sq.feet. "Condo" is the most costly type of property with a $629 / sq.feet cost followed by "Apartment" with an average price of $148 / sq.feet.