Property prices for sale in Cape Charles (Virginia)
The prices in real estate in Cape Charles, 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 Cape Charles has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $3,031. In the following month the price per sq.feet decreased considerably to $2,277. The price for the following two months in (January, February) decreased 95 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 50 % 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 $2,586.25 to $1,292 during March, and April.
Based upon to the price in Cape Charles (cities), this has fallen considerably in the last 6 months. The average price for November is $565,189. During December the price had a slight fall till $522,015. During the following two months (January, February) the average price had a considerable reduction of 79 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $485,604.75 to $277,521.5, which means a 57 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $348,381 they are 13 % more affordable than the average price for Cape Charles. The properties with the highest average price have 4 bedrooms, Their price is 157 % more costly than the average. After that we have properties with 3 bedrooms priced at $532,358.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $272 / sq.feet, with an average $891 / sq.feet price in Cape Charles. The properties with the lowest average prices have 1 bedroom. They are 62 % cheaper than the average followed by properties with 3 bedrooms with a price at $326 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $348,381 it is 35 % cheaper than the average price in Cape Charles. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $418,117 it is 117 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $307 / sq.feet followed by "Land" priced at $52,255 / sq.feet. "Land" is the most costly type of property with a $52,255 / sq.feet cost followed by "House" with an average price of $307 / sq.feet.
