The prices in real estate in Blacksburg, 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 Blacksburg has increased strongly during the last 6 months. In April, the average price per sq.feet was $252. In the following month the price per sq.feet decreased to $222. The price for the following two months in (June, July) had a considerable increment of 165 %. The price per sq.feet has decreased 93 % 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 $314.25 to $292.5 during August, and September.
Based upon to the price in Blacksburg (cities), this has fallen considerably in the last 6 months. The average price for April is $623,060. During May the price had a considerable reduction till $489,382. During the following two months (June, July) the average price fell 91 % 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 90 %, going from $530,636.5 to $480,112 in August and September.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $487,638 they are 63 % more affordable than the average price for Blacksburg. 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 $414,348.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $201 / sq.feet, with an average $251 / sq.feet price in Blacksburg. The properties with the highest average prices have 1 bedroom. They are 50 % more expensive than the average followed by properties with 3 bedrooms with a price at $239 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $487,638 it is 46 % cheaper than the average price in Blacksburg. "Commercial" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "Land". At a price of $568,298 it is 24 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $104 / sq.feet followed by "House" priced at $196 / sq.feet. "Land" is the most costly type of property with a $43,159 / sq.feet cost followed by "Condo" with an average price of $265 / sq.feet.