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 February, the average price per sq.feet was $284. In March this price pretty much remained the same at a value of $298 per sq.feet. In the following two months the price per sq.feet has increased 108 %, going from $291 to $314.5 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 $302.75 to $313.5 during June y July
Based upon to the price in Fairfax (cities), this has gone up in the last 6 months. In our first sample month during February, the average price is $538,435. In March This price remains at $540,761. During the following two months (April, May) the price has had an average incrementation from $539,598 to $574,622. Based on an analysis of the first four prices and the last two months the average price has gone up 110 % 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 $614,700 they are 58 % more affordable than the average price for Fairfax. The properties with the highest average price have 4 bedrooms, Their price is 20 % more costly than the average. After that we have properties with 3 bedrooms priced at $559,885.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $305 / sq.feet, with an average $314 / sq.feet price in Fairfax. The properties with the highest average prices have 1 bedroom. They are 17 % more expensive than the average followed by properties with 2 bedrooms with a price at $341 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $614,700 it is 40 % 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 $727,259 it is 24 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $293 / sq.feet followed by "Townhouse" priced at $317 / sq.feet. "Office" is the most costly type of property with a $1,908 / sq.feet cost followed by "Commercial" with an average price of $1,898 / sq.feet.