The prices in real estate in Lothian, in the Maryland region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Lothian has increased during the last 6 months. In February, the average price per sq.feet was $143. In March this price pretty much remained the same at a value of $141 per sq.feet. In the following two months the price per sq.feet has increased 108 %, going from $142 to $153.5 per sq.feet. The price per sq.feet has increased 111 % 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 $147.75 to $164.5 during June, and July.
Based upon to the price in Lothian (cities), this has gone up considerably in the last 6 months. In our first sample month during February, the average price is $528,075. In March This price remains at $526,905. During the following two months (April, May) the average price had a considerable increase of 121 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 113 % 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 $441,406 they are 77 % more affordable than the average price for Lothian. The properties with the highest average price have 4 bedrooms, Their price is 74 % more costly than the average. After that we have properties with 3 bedrooms priced at $442,939.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $59 / sq.feet, with an average $130 / sq.feet price in Lothian. The properties with the highest average prices have 1 bedroom. They are 74 % more expensive than the average followed by properties with 4 bedrooms with a price at $191 / 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 $671,909, they are 52 % more costly than the average price of (!PRECIO2!). "House" has the highest price. This price is 52 % 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 $174 / sq.feet. "House" at an average price of $174 / sq.feet has the most expensive price and would be directed at more affluent cities.