The prices in real estate in Arlington, in the Virginia 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 Arlington has increased strongly during the last 6 months. In October, the average price per sq.feet was . In the following month the price per sq.feet increased considerably to $415. The price for the following two months in (December, January) had a considerable increment of 199 %. The price per sq.feet has had a considerable increase of 140 % 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 $309.75 to $435 during February, and March.
Based upon to the price in Arlington (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is . During November the price went through a considerable rise reaching $697,643. During the following two months (December, January) the average price had a considerable increase of 216 % 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 141 % 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 $754,306 they are 55 % more affordable than the average price for Arlington. The properties with the highest average price have 4 bedrooms, Their price is 43 % more costly than the average. After that we have properties with 3 bedrooms priced at $834,960.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $409 / sq.feet, with an average $447 / sq.feet price in Arlington. The properties with the highest average prices have 1 bedroom. They are 13 % more expensive than the average followed by properties with 2 bedrooms with a price at $492 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $754,306 it is 33 % cheaper than the average price in Arlington. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Duplex" followed by "Office". At a price of $918,713 it is 22 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $445 / sq.feet followed by "Condo" priced at $3,075 / sq.feet. "Duplex" is the most costly type of property with a $20,356 / sq.feet cost followed by "Office" with an average price of $20,335 / sq.feet.