Property prices for sale in Chesapeake (Virginia)
The prices in real estate in Chesapeake, 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 Chesapeake has increased strongly during the last 6 months. In October, the average price per sq.feet was $206. In the following month the price per sq.feet increased considerably to $336. The price for the following two months in (December, January) had a considerable decrease of 81 with regard to the prior two months. The price per sq.feet has decreased 92 % 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 $245 to $225.5 during February, and March.
Based upon to the price in Chesapeake (cities), this has gone up in the last 6 months. In our first sample month during October, the average price is $410,975. In November This price remains at $410,717. In the following two months the average price has remained the same with regard to the previous two months from $410,846 to $431,293. Based on an analysis of the first four prices and the last two months the average price has gone up 107 % 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 $465,222 they are 81 % more affordable than the average price for Chesapeake. 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 $327,647.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $154 / sq.feet, with an average $237 / sq.feet price in Chesapeake. The properties with the highest average prices have 4 bedrooms. They are 9 % more expensive than the average followed by properties with 2 bedrooms with a price at $223 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $465,222 it is 26 % cheaper than the average price in Chesapeake. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $466,752 it is 6 % 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 $197 / sq.feet followed by "Apartment" priced at $204 / sq.feet. "Land" is the most costly type of property with a $72,913 / sq.feet cost followed by "House" with an average price of $215 / sq.feet.
