The prices in real estate in Norfolk, in the Virginia region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Norfolk has remained the same in the last 6 months. In September, the average price per sq.feet was $216. In October this price pretty much remained the same at a value of $225 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $220.5 to $219 per sq.feet. 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 $219.75 to $219.5 during January y February
Based upon to the price in Norfolk (cities), these have remained the same in the last 6 months. In our first sample month during September, the average price is $402,854. In October This price remains at $418,392. In the following two months the average price has remained the same with regard to the previous two months from $410,623 to $409,447.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $410,035.25 and $424,058.5 between January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $420,179 they are 45 % more affordable than the average price for Norfolk. The properties with the highest average price have 4 bedrooms, Their price is 5 % more costly than the average. After that we have properties with 3 bedrooms priced at $348,215.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $200 / sq.feet, with an average $221 / sq.feet price in Norfolk. The properties with the highest average prices have 1 bedroom. They are 34 % more expensive than the average followed by properties with 2 bedrooms with a price at $255 / sq.feet.
The graph displaying the average prices displays the property type "Detached House" as the most affordable one. At an cost of $420,179 it is 57 % cheaper than the average price in Norfolk. "Farm" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $337,071 it is 10 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $84 / sq.feet followed by "Detached House" priced at $146 / sq.feet. "Condo" is the most costly type of property with a $311 / sq.feet cost followed by "Farm" with an average price of $289 / sq.feet.