The prices in real estate in Falls Church, in the Virginia region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Falls Church has fallen in the last 6 months. In March, the average price per sq.feet was $385. In the following month the price per sq.feet decreased to $350. In the following two months the price per sq.feet has barely changed, going from $367.5 to $369 per sq.feet. The price per sq.feet has decreased 94 % 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 $368.25 to $347 during July, and August.
Based upon to the price in Falls Church (cities), these have remained the same in the last 6 months. The price in March is $692,956, rising in April till $738,589. In the following two months the average price has remained the same with regard to the previous two months from $715,772.5 to $703,451. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from $709,611.75 to $659,320 in July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $688,163 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 $605,605.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $279 / sq.feet, with an average $320 / 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 4 bedrooms with a price at $352 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $688,163 it is 23 % cheaper than the average price in Falls Church. "Condo" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "House". At a price of $754,759 it is 51 % 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 $316 / sq.feet followed by "Condo" priced at $344 / sq.feet. "Townhouse" is the most costly type of property with a $42,908 / sq.feet cost followed by "Farm" with an average price of $6,838 / sq.feet.