The prices in real estate in Fairfax Station, 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 Fairfax Station has had a strong decrease during the last 6 months. In May, the average price per sq.feet was $423. In the following month the price per sq.feet decreased considerably to $222. The price for the following two months in (July, August) had a considerable decrease of 69 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 80 % 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 $273 to $218 during September, and October.
Based upon to the price in Fairfax Station (cities), this has gone downing the last 6 months. In our first sample month during May, the average price is $1,319,965. In June This price remains at $1,367,466. During the following two months (July, August) the average price had a considerable reduction of 83 % with regard to the previous two months. 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 $1,229,592.5 and $1,190,067 between September and October.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $1,199,133 they are 28 % more affordable than the average price for Fairfax Station. The properties with the lowest average price have 1 bedroom, Their price is 25 % cheaper than the average. After that we have properties with 2 bedrooms priced at $859,676.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $171 / sq.feet, with an average $226 / sq.feet price in Fairfax Station. The properties with the lowest average prices have 2 bedrooms. They are 11 % cheaper than the average followed by properties with 1 bedroom with a price at $171 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $1,199,133 it is 28 % cheaper than the average price in Fairfax Station. "Apartment" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "House". At a price of $859,676 it is 24 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $198 / sq.feet followed by "House" priced at $202 / sq.feet. "House" is the cheapest type of property with a $202 / sq.feet value followed by "Apartment" with an average price of $198 / sq.feet.