Property prices for sale in Morehead (Kentucky)
The prices in real estate in Morehead, in the Kentucky 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 Morehead has increased strongly during the last 6 months. In October, the average price per sq.feet was $129. In the following month the price per sq.feet increased considerably to $1,613. The price for the following two months in (December, January) had a considerable decrease of 64 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 44 % 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 $714.5 to $312.5 during February, and March.
Based upon to the price in Morehead (cities), this has gone up in the last 6 months. In our first sample month during October, the average price is $230,960. In November This price remains at $230,721. During the following two months (December, January) the price has had an average incrementation from $230,840.5 to $243,084. Based on an analysis of the first four prices and the last two months the average price has gone up 109 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $260,108 they are 49 % more affordable than the average price for Morehead. The properties with the highest average price have 4 bedrooms, Their price is 24 % more costly than the average. After that we have properties with 2 bedrooms priced at $236,429.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $128 / sq.feet, with an average $390 / sq.feet price in Morehead. The properties with the lowest average prices have 1 bedroom. They are 40 % cheaper than the average followed by properties with 2 bedrooms with a price at $202 / sq.feet.
The graph displaying the average prices displays the property type "" as the most affordable one. At an cost of $260,108 it is 81 % cheaper than the average price in Morehead. "Commercial" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $192,175 it is 4 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $140 / sq.feet followed by "Commercial" priced at $387 / sq.feet. "Land" is the most costly type of property with a $15,672 / sq.feet cost followed by "Commercial" with an average price of $387 / sq.feet.
