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 November, the average price per sq.feet was $241. In December this price pretty much remained the same at a value of $244 per sq.feet. The price for the following two months in (January, February) had a considerable increment of 4930 %. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $6,098.75 to $5,794 during March y April
Based upon to the price in Lothian (cities), this has gone up considerably in the last 6 months. The average price for November is $578,070. During December the price had a considerable reduction till $429,795. During the following two months (January, February) the price has had an average incrementation from $503,932.5 to $563,030. Based on an analysis of the first four prices and the last two months the average price has risen strongly 209 % 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 $1,083,069 they are 86 % more affordable than the average price for Lothian. The properties with the lowest average price have 4 bedrooms, Their price is 16 % cheaper than the average. After that we have properties with 3 bedrooms priced at $365,903.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $101 / sq.feet, with an average $275 / sq.feet price in Lothian. The properties with the lowest average prices have 4 bedrooms. They are 39 % cheaper than the average followed by properties with 1 bedroom with a price at $142 / 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 $669,712, they are 38 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 38 % 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 $154 / sq.feet. "House" with an average cost of $154 / sq.feet has the lowest price and would be directed at less affluent cities.