The prices in real estate in Falls Church, 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 Falls Church has remained the same in the last 6 months. In November, the average price per sq.feet was $302. In December this price pretty much remained the same at a value of $288 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $295 to $296.5 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 $295.75 to $316 during March, and April.
Based upon to the price in Falls Church (cities), this has fallen considerably in the last 6 months. The average price for November is $653,245. During December the price had a slight fall till $599,585. During the following two months (January, February) 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 reduced with regard to the previous ones. To be precise it has gone down 88 %, going from $573,394.25 to $502,976 in March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $523,297 they are 58 % more affordable than the average price for Falls Church. The properties with the highest average price have 4 bedrooms, Their price is 65 % more costly than the average. After that we have properties with 3 bedrooms priced at $575,377.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $287 / sq.feet, with an average $320 / sq.feet price in Falls Church. The properties with the highest average prices have 4 bedrooms. They are 5 % more expensive than the average followed by properties with 3 bedrooms with a price at $332 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $523,297 it is 48 % 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 "Farm". At a price of $699,148 it is 102 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $273 / sq.feet followed by "Apartment" priced at $296 / sq.feet. "Farm" is the most costly type of property with a $6,698 / sq.feet cost followed by "House" with an average price of $362 / sq.feet.