The prices in real estate in Blacksburg, 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 Blacksburg has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $497. In the following month the price per sq.feet decreased considerably to $129. The price for the following two months in (September, October) had a considerable decrease of 49 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 68 % 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 $232.5 to $158 during November, and December.
Based upon to the price in Blacksburg (cities), this has gone downing the last 6 months. The average price for July is $418,077. During August the price had a considerable reduction till $284,442. During the following two months (September, October) the price has had an average incrementation from $351,259.5 to $374,615.5. Based on an analysis of the first four prices and the last two months the average price has gone up 110 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the most costly ones. At a price of $373,533 they are 6 % more expensive than the average price for Blacksburg. Following this ranking we find those properties with 1 at an average price of $427,303. The properties with the highest average price have 1 bedroom, Their price is 14 % more costly than the average. After that we have properties with 2 bedrooms priced at $395,771.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $153 / sq.feet, with an average $160 / sq.feet price in Blacksburg. The properties with the lowest average prices have 1 bedroom. They are 2 % cheaper than the average followed by properties with 2 bedrooms with a price at $153 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most costly one. At an cost of $373,533 it is 3 % more expensive than the average price in Blacksburg. "Condo" is seen as the second dearest property type. The dearest property type is "Apartment" followed by "House". At a price of $395,375 it is 6 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $147 / sq.feet followed by "Land" priced at $149 / sq.feet. "Apartment" is the cheapest type of property with a $153 / sq.feet value followed by "House" with an average price of $152 / sq.feet.