The prices in real estate in Burke, 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 Burke has increased during the last 6 months. In February, the average price per sq.feet was $271. In March this price pretty much remained the same at a value of $276 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $273.5 to $266.5 per sq.feet. The price per sq.feet has had a considerable increase of 130 % 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 $270 to $350.5 during June, and July.
Based upon to the price in Burke (cities), these have remained the same in the last 6 months. In our first sample month during February, the average price is $510,081. In March This price remains at $509,991. During the following two months (April, May) the price has had an average incrementation from $510,036 to $544,903.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $527,469.75 and $534,855 between June and July.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $507,504 they are 5 % more affordable than the average price for Burke. The properties with the highest average price have 4 bedrooms, Their price is 24 % more costly than the average. After that we have properties with 1 bedroom priced at $480,811.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $264 / sq.feet, with an average $438 / sq.feet price in Burke. The properties with the lowest average prices have 1 bedroom. They are 35 % cheaper than the average followed by properties with 4 bedrooms with a price at $264 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $507,504 it is 32 % cheaper than the average price in Burke. "Duplex" is seen as the second most affordable property type. The dearest property type is "House" followed by "Office". At a price of $579,714 it is 20 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $279 / sq.feet followed by "Duplex" priced at $1,052 / sq.feet. "Office" is the most costly type of property with a $21,109 / sq.feet cost followed by "House" with an average price of $9,156 / sq.feet.