Property prices for sale in London (Kentucky)
The prices in real estate in London, in the Kentucky 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 London has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $964. In the following month the price per sq.feet decreased considerably to $534. The price for the following two months in (January, February) had a considerable decrease of 82 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 79 % 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 $680 to $540 during March, and April.
Based upon to the price in London (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $128,358. During December the price went through a considerable rise reaching $195,241. During the following two months (January, February) the price has had an average incrementation from $161,799.5 to $185,254. Based on an analysis of the first four prices and the last two months the average price has risen strongly 120 % 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 $220,139 they are 55 % more affordable than the average price for London. The properties with the highest average price have 4 bedrooms, Their price is 57 % more costly than the average. After that we have properties with 3 bedrooms priced at $249,708.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $142 / sq.feet, with an average $538 / sq.feet price in London. The properties with the highest average prices have 1 bedroom. They are 92 % more expensive than the average followed by properties with 3 bedrooms with a price at $775 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $220,139 it is 95 % cheaper than the average price in London. "Land" is seen as the second most affordable property type. The dearest property type is "House" followed by "Farm". At a price of $130,628 it is 21 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $15 / sq.feet followed by "Farm" priced at $586 / sq.feet. "Land" is the most costly type of property with a $12,417 / sq.feet cost followed by "House" with an average price of $734 / sq.feet.
