The prices in real estate in Colonial Heights, 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 Colonial Heights has had a strong decrease during the last 6 months. In September, the average price per sq.feet was $3,221. In October this price pretty much remained the same at a value of $3,078 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $3,149.5 to $3,262.5 per sq.feet. The price per sq.feet has had a considerable deflation of 17 % 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 $3,206 to $547 during January, and February.
Based upon to the price in Colonial Heights (cities), this has gone downing the last 6 months. The average price during our first sample month during September, is $288,983. During October the price went through a considerable rise reaching $357,325. During the following two months (November, December) the average price had a considerable reduction of 68 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 90 %, going from $271,757.75 to $243,751 in January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $290,697 they are 31 % more affordable than the average price for Colonial Heights. The properties with the highest average price have 4 bedrooms, Their price is 12 % more costly than the average. After that we have properties with 3 bedrooms priced at $248,502.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $96 / sq.feet, with an average $980 / sq.feet price in Colonial Heights. The properties with the lowest average prices have 4 bedrooms. They are 88 % cheaper than the average followed by properties with 3 bedrooms with a price at $105 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $290,697 it is 56 % cheaper than the average price in Colonial Heights. "Condo" is seen as the second most affordable property type. The cheapest type property is "Duplex" followed by "Townhouse". At a price of $193,930 it is 16 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $75 / sq.feet followed by "Duplex" priced at $83 / sq.feet. "Condo" is the most costly type of property with a $4,510 / sq.feet cost followed by "House" with an average price of $100 / sq.feet.