The prices in real estate in Broadway, 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 Broadway has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $143. In the following month the price per sq.feet decreased to $131. The price for the following two months in (January, February) had a considerable decrease of 43 with regard to the prior two months. The price per sq.feet has had a considerable increase of 159 % 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 $97.75 to $155 during March, and April.
Based upon to the price in Broadway (cities), this has fallen considerably in the last 6 months. The average price during our first sample month during November, is $286,456. During December the price went through a considerable rise reaching $370,080. During the following two months (January, February) the average price had a considerable reduction of 35 % 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 117 % 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 $270,200 they are 38 % more affordable than the average price for Broadway. The properties with the highest average price have 4 bedrooms, Their price is 4 % more costly than the average. After that we have properties with 3 bedrooms priced at $253,109.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $113 / sq.feet, with an average $155 / sq.feet price in Broadway. The properties with the lowest average prices have 1 bedroom. They are 14 % cheaper than the average followed by properties with 3 bedrooms with a price at $126 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $270,200 it is 66 % cheaper than the average price in Broadway. "Semi-Detached House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Semi-Detached House". At a price of $175,800 it is 4 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Semi-Detached House" at an average cost of $99 / sq.feet followed by "House" priced at $113 / sq.feet. "Apartment" is the most costly type of property with a $10,576 / sq.feet cost followed by "House" with an average price of $113 / sq.feet.