The prices in real estate in Chesapeake, 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 Chesapeake has had a strong decrease during the last 6 months. In December, the average price per sq.feet was $284. In the following month the price per sq.feet increased considerably to $397. The price for the following two months in (February, March) had a considerable decrease of 57 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 56 % 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 $267.75 to $149.5 during April, and May.
Based upon to the price in Chesapeake (cities), this has gone up in the last 6 months. In our first sample month during December, the average price is $328,662. In January This price remains at $317,819. During the following two months (February, March) the average price had a considerable increase of 118 % with regard to the previous two months. 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 $353,137.25 and $348,759.5 between April and May.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 12 % more costly than the average price of $388,407 in Chesapeake. Based on the bedrooms values, properties with the highest prices are those with 1 bedroom. They are 12 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 2 % more costly than the average price of ($152 / sq.feet) in Chesapeake. Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 2 % more costly than the average value aforementioned.
The graph displaying the average prices displays the property type "Office" as the most costly one. At an cost of $347,650 it is 8 % more expensive than the average price in Chesapeake. "Townhouse" is seen as the second dearest property type. The dearest property type is "Apartment" followed by "Townhouse". At a price of $375,436 it is 12 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $139 / sq.feet followed by "Townhouse" priced at $140 / sq.feet. "Apartment" is the most costly type of property with a $152 / sq.feet cost followed by "Townhouse" with an average price of $140 / sq.feet.