The average price in the Kentucky region has had a strong decrease in recent months. There has been a strong deflation in the prices in this region.
The price per sq.feet in Kentucky has risen considerably in the last 6 months. During November, the average price per sq.feet was $716. The following month (December) the price had a considerable deflation reaching $200 per sq.feet. The following two months (January, February) went through a considerable deflation of 50 % in the price per sq.feet with regard to the previous two. In the last two months, the price per sq.feet has had a significant decrease of 68 %. This has been obtained by comparing the price of $343.5 for the first four months of the sample with regard to the previous 4 months and the price of $232.5 per sq.feet for the last two months (March, April).
Based upon to the price in Kentucky(region), this has decreased considerably in the last 6 months. November has an average price of $377,493. During December the price had a strong deflation till $319,387. In the following two months the average price has decreased 85 % compared to the previous two. During the last two months the price has risen 106 % compared to the previous average values going from $321,945.75 a $341,567 in March and April.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 45 % more affordable than the average price in Kentucky followed by those with 2 with an average price of $195,309. The most costly properties have 4 bedrooms. They are 34 % more expensive than the average followed by those properties with 3 bedrooms priced at $314,600.
Based on the average price per sq.feet those properties with 4 bedrooms are the cheapest ones with a price of $164 / sq.feet being $174 / sq.feet the average value within the Kentucky region. The properties with the most expensive average price are those with 1 bedroom. These are 32 % more costly than the average followed by those with 3 bedrooms with a price of $178 / sq.feet.
The graph displaying the average price according to the property type shows "Land" as the cheapest one. With an average cost of $323,773 it is 69 % more affordable than the average in Kentucky. This is followed by "Condo" with a price of $264,394. The dearest property type is "Farm" and is 24 % more expensive than the average, followed by "Commercial" with a cost of $360,239.
Based on the average cost per sq.feet the cheapest property type is "Commercial with a an average cost of $125 / sq.feet, followed by "House" with a price of $169 / sq.feet. "Farm" with an average price of $2,865 / sq.feet is the most costly type of property followed by "Land" at a price of $592 / sq.feet.