The prices in real estate in Falls Church, in the Virginia region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Falls Church has increased strongly during the last 6 months. In March, the average price per sq.feet was $342. In the following month the price per sq.feet increased considerably to $5,622. The price for the following two months in (May, June) had a considerable increment of 173 %. The price per sq.feet has had a considerable deflation of 8 % 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 $4,070.25 to $328 during July, and August.
Based upon to the price in Falls Church (cities), this has gone up in the last 6 months. The price in March is $854,433, rising in April till $968,941. During the following two months (May, June) the average price had a considerable increase of 128 % 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 $1,037,853.5 to $784,504, which means a 76 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $732,637 they are 66 % more affordable than the average price for Falls Church. The properties with the highest average price have 4 bedrooms, Their price is 17 % more costly than the average. After that we have properties with 3 bedrooms priced at $688,083.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $304 / sq.feet, with an average $329 / sq.feet price in Falls Church. The properties with the highest average prices have 3 bedrooms. They are 12 % more expensive than the average followed by properties with 2 bedrooms with a price at $334 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $732,637 it is 47 % cheaper than the average price in Falls Church. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $714,719 it is 39 % 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 $304 / sq.feet followed by "Condo" priced at $318 / sq.feet. "Townhouse" is the most costly type of property with a $6,852 / sq.feet cost followed by "Farm" with an average price of $6,754 / sq.feet.