The prices in real estate in Fredericksburg, 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 Fredericksburg has increased strongly during the last 6 months. In January, the average price per sq.feet was $145. In February this price pretty much remained the same at a value of $148 per sq.feet. In the following two months the price per sq.feet has increased 115 %, going from $146.5 to $168 per sq.feet. The price per sq.feet has had a considerable increase of 256 % 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 $157.25 to $402 during May, and June.
Based upon to the price in Fredericksburg (cities), this has gone up in the last 6 months. The price in January is $349,133, rising in February till $382,754. In the following two months the average price has remained the same with regard to the previous two months from $365,943.5 to $363,526. Based on an analysis of the first four prices and the last two months the average price has risen strongly 123 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $478,904 they are 44 % more affordable than the average price for Fredericksburg. The properties with the lowest average price have 1 bedroom, Their price is 9 % cheaper than the average. After that we have properties with 4 bedrooms priced at $397,802.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $144 / sq.feet, with an average $255 / sq.feet price in Fredericksburg. The properties with the highest average prices have 1 bedroom. They are 45 % more expensive than the average followed by properties with 2 bedrooms with a price at $184 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $478,904 it is 27 % cheaper than the average price in Fredericksburg. "House" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "Duplex". At a price of $361,197 it is 24 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $128 / sq.feet followed by "Commercial" priced at $141 / sq.feet. "Apartment" is the cheapest type of property with a $150 / sq.feet value followed by "House" with an average price of $146 / sq.feet.