Property prices for sale in Blacksburg (Virginia)
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 October, the average price per sq.feet was $211. In November this price pretty much remained the same at a value of $204 per sq.feet. The price for the following two months in (December, January) had a considerable increment of 516 %. The price per sq.feet has had a considerable increase of 481 % 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 $638.75 to $3,074.5 during February, and March.
Based upon to the price in Blacksburg (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $453,597. In November This price remains at $446,708. In the following two months the average price has remained the same with regard to the previous two months from $450,152.5 to $441,906. Based on an analysis of the first four prices and the last two months the average price has gone up 115 % 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 $556,247 they are 70 % more affordable than the average price for Blacksburg. The properties with the highest average price have 4 bedrooms, Their price is 9 % more costly than the average. After that we have properties with 3 bedrooms priced at $451,060.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $231 / sq.feet, with an average $4,678 / sq.feet price in Blacksburg. The properties with the lowest average prices have 4 bedrooms. They are 68 % cheaper than the average followed by properties with 3 bedrooms with a price at $412 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $556,247 it is 50 % cheaper than the average price in Blacksburg. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Land" followed by "House". At a price of $615,187 it is 43 % 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 $98 / sq.feet followed by "Townhouse" priced at $124 / sq.feet. "Land" is the most costly type of property with a $58,964 / sq.feet cost followed by "House" with an average price of $6,205 / sq.feet.
