The prices in real estate in New Lebanon, in the Ohio 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 New Lebanon has increased strongly during the last 6 months. In September, the average price per sq.feet was . In the following month the price per sq.feet increased considerably to $119. The price for the following two months in (November, December) had a considerable increment of 222 %. The price per sq.feet has had a considerable increase of 961 % 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 $95.75 to $920 during January, and February.
Based upon to the price in New Lebanon (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during September, is . During October the price went through a considerable rise reaching $171,667. During the following two months (November, December) the average price had a considerable increase of 202 % 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 risen strongly 159 % 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 $200,844 they are 85 % more affordable than the average price for New Lebanon. The properties with the lowest average price have 3 bedrooms, Their price is 13 % cheaper than the average. After that we have properties with 2 bedrooms priced at $114,555.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $29 / sq.feet, with an average $1,705 / sq.feet price in New Lebanon. The properties with the lowest average prices have 3 bedrooms. They are 92 % cheaper than the average followed by properties with 2 bedrooms with a price at $128 / sq.feet.
The graph displaying the average prices displays the property type "" as the most affordable one. At an cost of $200,844 it is 53 % cheaper than the average price in New Lebanon. "Farm" is seen as the second most affordable property type. The cheapest type property is "Farm" followed by "". At a price of $93,878 it is 44 % more affordable than the average price.
According to the average area cost by sq.feet the cheapest property type is "Farm with an average price of $29 / sq.feet. "Farm" with an average cost of $29 / sq.feet has the lowest price and would be directed at less affluent cities.