Property prices for sale in Versailles (Kentucky)
The prices in real estate in Versailles, in the Kentucky region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Versailles has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $468. In the following month the price per sq.feet decreased considerably to $295. The price for the following two months in (December, January) had a considerable decrease of 55 with regard to the prior two months. The price per sq.feet has had a considerable increase of 179 % 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 $295 to $529 during February, and March.
Based upon to the price in Versailles (cities), this has fallen considerably in the last 6 months. The average price for October is $763,321. During November the price had a considerable reduction till $621,354. During the following two months (December, January) the average price had a considerable reduction of 75 % 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 85 %, going from $606,433.5 to $517,796.5 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $545,892 they are 56 % more affordable than the average price for Versailles. The properties with the lowest average price have 4 bedrooms, Their price is 2 % cheaper than the average. After that we have properties with 1 bedroom priced at $409,384.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $182 / sq.feet, with an average $684 / sq.feet price in Versailles. The properties with the highest average prices have 1 bedroom. They are 131 % more expensive than the average followed by properties with 3 bedrooms with a price at $221 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $545,892 it is 26 % cheaper than the average price in Versailles. "House" is seen as the second most affordable property type. The dearest property type is "Farm" followed by "Land". At a price of $1,322,495 it is 518 % 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 $205 / sq.feet followed by "Detached House" priced at $215 / sq.feet. "Land" is the most costly type of property with a $24,113 / sq.feet cost followed by "Farm" with an average price of $1,333 / sq.feet.
