The prices in real estate in Lothian, 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 Lothian has increased strongly during the last 6 months. In April, the average price per sq.feet was $226. In the following month the price per sq.feet decreased considerably to $187. The price for the following two months in (June, July) decreased 93 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 1231 % 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 $199.5 to $2,455 during August, and September.
Based upon to the price in Lothian (cities), this has fallen considerably in the last 6 months. The average price for April is $845,928. During May the price had a slight fall till $755,792. During the following two months (June, July) the average price had a considerable reduction of 83 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from $730,972.25 to $677,919 in August and September.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $683,628 they are 78 % more affordable than the average price for Lothian. The properties with the highest average price have 4 bedrooms, Their price is 34 % more costly than the average. After that we have properties with 3 bedrooms priced at $368,479.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $108 / sq.feet, with an average $4,696 / sq.feet price in Lothian. The properties with the lowest average prices have 4 bedrooms. They are 96 % cheaper than the average followed by properties with 1 bedroom with a price at $149 / sq.feet.
With regard to the average price based upon the property in Lothian we can see that the cheapest property type is "House" at a price of $674,423, they are 1 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 1 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $161 / sq.feet. "House" with an average cost of $161 / sq.feet has the lowest price and would be directed at less affluent cities.