The prices in real estate in Colonial Beach, 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 Colonial Beach has increased during the last 6 months. In October, the average price per sq.feet was $226. In November this price pretty much remained the same at a value of $236 per sq.feet. In the following two months the price per sq.feet has increased 106 %, going from $231 to $244.5 per sq.feet. The price per sq.feet has increased 106 % 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 $237.75 to $251 during February, and March.
Based upon to the price in Colonial Beach (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $365,196. In November This price remains at $369,489. In the following two months the average price has remained the same with regard to the previous two months from $367,342.5 to $376,989.5. 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 $372,166 and $368,348.5 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $348,623 they are 40 % more affordable than the average price for Colonial Beach. The properties with the highest average price have 4 bedrooms, Their price is 3 % more costly than the average. After that we have properties with 1 bedroom priced at $282,626.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $87 / sq.feet, with an average $246 / sq.feet price in Colonial Beach. The properties with the highest average prices have 1 bedroom. They are 61 % more expensive than the average followed by properties with 2 bedrooms with a price at $178 / sq.feet.
The graph displaying the average prices displays the property type "Commercial Property" as the most affordable one. At an cost of $348,623 it is 48 % cheaper than the average price in Colonial Beach. "Detached House" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "House". At a price of $260,808 it is 17 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial Property" at an average cost of $52 / sq.feet followed by "Detached House" priced at $99 / sq.feet. "House" is the cheapest type of property with a $159 / sq.feet value followed by "Townhouse" with an average price of $125 / sq.feet.