The prices in real estate in Lincoln, in the Nebraska 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 July, the average price per sq.feet was $1,180. In the following month the price per sq.feet decreased considerably to $99. The price for the following two months in (September, October) had a considerable decrease of 17 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 28 % 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 $372.75 to $104 during November, and December.
Based upon to the price in Lincoln (cities), this has gone downing the last 6 months. The average price for July is $189,242. During August the price had a considerable reduction till $150,372. In the following two months the average price has remained the same with regard to the previous two months from $169,807 to $172,521. Based on an analysis of the first four prices and the last two months the average price has gone up 108 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $185,435 they are 36 % more affordable than the average price for Lincoln. The properties with the highest average price have 4 bedrooms, Their price is 50 % more costly than the average. After that we have properties with 3 bedrooms priced at $153,354.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $104 / sq.feet, with an average $104 / sq.feet price in Lincoln. The properties with the highest average prices have 2 bedrooms. They are 10 % more expensive than the average followed by properties with 1 bedroom with a price at $108 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $185,435 it is 17 % cheaper than the average price in Lincoln. "Farm" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Office". At a price of $168,699 it is 87 % 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 $100 / sq.feet followed by "Commercial" priced at $123 / sq.feet. "Office" is the most costly type of property with a $996 / sq.feet cost followed by "Farm" with an average price of $991 / sq.feet.