The prices in real estate in Blacksburg, in the Virginia region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Blacksburg has increased during the last 6 months. In September, the average price per sq.feet was $167. In October this price pretty much remained the same at a value of $169 per sq.feet. In the following two months the price per sq.feet has increased 111 %, going from $168 to $186.5 per sq.feet. The price per sq.feet has increased 105 % 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 $177.25 to $186.5 during January, and February.
Based upon to the price in Blacksburg (cities), this has gone up considerably in the last 6 months. The average price for September is $467,369. During October the price had a slight fall till $441,010. During the following two months (November, December) the average price had a considerable increase of 122 % 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 123 % 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 $706,735 they are 71 % more affordable than the average price for Blacksburg. The properties with the lowest average price have 4 bedrooms, Their price is 19 % cheaper than the average. After that we have properties with 3 bedrooms priced at $377,368.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $153 / sq.feet, with an average $194 / sq.feet price in Blacksburg. The properties with the lowest average prices have 2 bedrooms. They are 2 % cheaper than the average followed by properties with 1 bedroom with a price at $185 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $706,735 it is 46 % cheaper than the average price in Blacksburg. "Apartment" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $389,868 it is 45 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $135 / sq.feet followed by "Condo" priced at $138 / sq.feet. "Apartment" is the cheapest type of property with a $150 / sq.feet value followed by "House" with an average price of $143 / sq.feet.