The prices in real estate in Lothian, in the Maryland region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Lothian has fallen in the last 6 months. In October, the average price per sq.feet was $188. In November this price pretty much remained the same at a value of $180 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $184 to $176 per sq.feet. The price per sq.feet has had a considerable deflation of 80 % 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 $180 to $143.5 during February, and March.
Based upon to the price in Lothian (cities), this has fallen considerably in the last 6 months. The average price for October is $654,029. During November the price had a slight fall till $613,236. During the following two months (December, January) the average price fell 92 % 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 $608,146.75 to $450,224, which means a 74 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $334,952 they are 54 % more affordable than the average price for Lothian. The properties with the highest average price have 4 bedrooms, Their price is 181 % more costly than the average. After that we have properties with 3 bedrooms priced at $379,721.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of $138 / sq.feet, with an average $114 / sq.feet price in Lothian. The properties with the highest average prices have 4 bedrooms. They are 81 % more expensive than the average followed by properties with 1 bedroom with a price at $179 / sq.feet.
With regard to the average price based upon the property in Lothian we can see that most expensive property type is "House" at a price of $694,988, they are 107 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 107 % more expensive than the average price aforementioned.
According to the average area price by sq.feet the most costly property type is "House with an average price of $191 / sq.feet. "House" at an average price of $191 / sq.feet has the most expensive price and would be directed at more affluent cities.