The prices in real estate in Fairfax, in the Virginia region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Fairfax has remained the same in the last 6 months. In November, the average price per sq.feet was $276. In the following month the price per sq.feet decreased to $262. In the following two months the price per sq.feet has increased 109 %, going from $269 to $294.5 per sq.feet. 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 $281.75 to $290 during March y April
Based upon to the price in Fairfax (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is $605,551. In December This price remains at $601,820. In the following two months the average price has remained the same with regard to the previous two months from $603,685.5 to $597,565. Based on an analysis of the first four prices and the last two months the average price has gone up 108 % 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 $642,956 they are 45 % more affordable than the average price for Fairfax. The properties with the highest average price have 4 bedrooms, Their price is 6 % more costly than the average. After that we have properties with 3 bedrooms priced at $669,334.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the most costly ones at a cost of $313 / sq.feet, with an average $290 / sq.feet price in Fairfax. The properties with the highest average prices have 4 bedrooms. They are 402 % more expensive than the average followed by properties with 2 bedrooms with a price at $395 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $642,956 it is 10 % cheaper than the average price in Fairfax. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Office". At a price of $738,263 it is 15 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "House" at an average cost of $300 / sq.feet followed by "Condo" priced at $376 / sq.feet. "Townhouse" is the most costly type of property with a $31,442 / sq.feet cost followed by "Office" with an average price of $1,938 / sq.feet.