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 February, the average price per sq.feet was $279. In March this price pretty much remained the same at a value of $287 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $283 to $276 per sq.feet. The price per sq.feet has increased 107 % 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 $279.5 to $299 during June, and July.
Based upon to the price in Fairfax (cities), this has gone up in the last 6 months. The price in February is $639,636, rising in March till $702,955. In the following two months the average price has remained the same with regard to the previous two months from $671,295.5 to $679,914.5. 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 $675,605 and $661,220.5 between June and July.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $674,395 they are 60 % more affordable than the average price for Fairfax. The properties with the highest average price have 4 bedrooms, Their price is 11 % more costly than the average. After that we have properties with 3 bedrooms priced at $541,229.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $289 / sq.feet, with an average $305 / sq.feet price in Fairfax. The properties with the highest average prices have 1 bedroom. They are 63 % more expensive than the average followed by properties with 4 bedrooms with a price at $362 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $674,395 it is 27 % 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 $744,945 it is 18 % 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 $288 / sq.feet followed by "Condo" priced at $1,320 / sq.feet. "House" is the most costly type of property with a $4,537 / sq.feet cost followed by "Office" with an average price of $1,956 / sq.feet.