The prices in real estate in Arlington, in the Virginia 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 Arlington has had a strong decrease during the last 6 months. In August, the average price per sq.feet was $20,398. In the following month the price per sq.feet decreased considerably to $446. The price for the following two months in (October, November) had a considerable decrease of 2 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 8 % 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 $5,314.75 to $412 during December, and January.
Based upon to the price in Arlington (cities), this has fallen considerably in the last 6 months. The average price for August is $921,476. During September the price had a considerable reduction till $596,033. During the following two months (October, November) the average price had a considerable reduction of 46 % 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 136 % during the last two months.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 0 % cheaper than the average price of $772,796 in Arlington. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 0 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 0 % cheaper than the average price of ($409 / sq.feet) in Arlington. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 0 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $772,796 it is 0 % cheaper than the average price in Arlington. "Office" is seen as the second most affordable property type. The dearest property type is "Office" followed by "House". At a price of $772,796 it is 19 % 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 $409 / sq.feet followed by "Office" priced at $20,377 / sq.feet. "Office" is the most costly type of property with a $20,377 / sq.feet cost followed by "House" with an average price of $409 / sq.feet.