The prices in real estate in Fairfax, 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 Fairfax has increased during the last 6 months. In April, the average price per sq.feet was $290. In the following month the price per sq.feet increased to $328. The price for the following two months in (June, July) decreased 94 % with regard to the prior two months. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $300.5 to $311.5 during August y September
Based upon to the price in Fairfax (cities), this has gone up in the last 6 months. The price in April is $642,956, rising in May till $724,760. During the following two months (June, July) the average price had a considerable increase of 123 % 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 $760,914.25 to $616,883.5, which means a 81 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $632,465 they are 51 % more affordable than the average price for Fairfax. The properties with the highest average price have 4 bedrooms, Their price is 5 % more costly than the average. After that we have properties with 3 bedrooms priced at $633,082.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $272 / sq.feet, with an average $322 / sq.feet price in Fairfax. The properties with the highest average prices have 2 bedrooms. They are 27 % more expensive than the average followed by properties with 1 bedroom with a price at $392 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $632,465 it is 59 % cheaper than the average price in Fairfax. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Office". At a price of $734,576 it is 22 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $275 / sq.feet followed by "Townhouse" priced at $279 / sq.feet. "Office" is the most costly type of property with a $1,928 / sq.feet cost followed by "Commercial" with an average price of $1,918 / sq.feet.