The prices in real estate in Centreville, in the Virginia region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Centreville has increased strongly during the last 6 months. In March, the average price per sq.feet was $244. In the following month the price per sq.feet decreased to $228. In the following two months the price per sq.feet has barely changed, going from $236 to $237.5 per sq.feet. The price per sq.feet has had a considerable increase of 149 % 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 $236.75 to $353.5 during July, and August.
Based upon to the price in Centreville (cities), this has gone downing the last 6 months. In our first sample month during March, the average price is $615,954. In April This price remains at $623,307. During the following two months (May, June) the average price had a considerable reduction of 84 % 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 $570,563.75 to $478,440.5, which means a 84 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $486,365 they are 58 % more affordable than the average price for Centreville. The properties with the highest average price have 4 bedrooms, Their price is 38 % more costly than the average. After that we have properties with 3 bedrooms priced at $377,681.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $222 / sq.feet, with an average $223 / sq.feet price in Centreville. The properties with the highest average prices have 1 bedroom. They are 25 % more expensive than the average followed by properties with 2 bedrooms with a price at $246 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $486,365 it is 33 % cheaper than the average price in Centreville. "House" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Land". At a price of $848,446 it is 94 % 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 $210 / sq.feet followed by "Condo" priced at $261 / sq.feet. "Land" is the most costly type of property with a $20,696 / sq.feet cost followed by "Commercial" with an average price of $4,515 / sq.feet.