The prices in real estate in Lincoln, in the Arkansas 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 Lincoln has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $2,001. In the following month the price per sq.feet decreased considerably to $202. The price for the following two months in (June, July) had a considerable decrease of 4 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 16 % 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 $573 to $93.5 during August, and September.
Based upon to the price in Lincoln (cities), this has fallen considerably in the last 6 months. The average price during our first sample month during April, is $291,875. During May the price went through a considerable rise reaching $504,667. During the following two months (June, July) the average price had a considerable reduction of 15 % 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 $228,418 to $149,242.5, which means a 65 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $148,616 they are 34 % more affordable than the average price for Lincoln. The properties with the highest average price have 3 bedrooms, Their price is 5 % more costly than the average. After that we have properties with 2 bedrooms priced at $138,736.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $65 / sq.feet, with an average $91 / sq.feet price in Lincoln. The properties with the highest average prices have 1 bedroom. They are 21 % more expensive than the average followed by properties with 2 bedrooms with a price at $87 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $148,616 it is 46 % cheaper than the average price in Lincoln. "House" is seen as the second most affordable property type. The dearest property type is "Duplex" followed by "House". At a price of $131,757 it is 278 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $15 / sq.feet followed by "House" priced at $65 / sq.feet. "Duplex" is the most costly type of property with a $469 / sq.feet cost followed by "House" with an average price of $65 / sq.feet.