Property prices for sale in Galax (Virginia)
The prices in real estate in Galax, 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 Galax has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $843. In the following month the price per sq.feet decreased considerably to $137. The price for the following two months in (December, January) had a considerable increment of 116 %. The price per sq.feet has had a considerable increase of 197 % 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 $528.25 to $1,043 during February, and March.
Based upon to the price in Galax (cities), this has gone up in the last 6 months. The average price during our first sample month during October, is $185,857. During November the price went through a considerable rise reaching $231,391. During the following two months (December, January) the average price fell 89 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 110 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $218,804 they are 80 % more affordable than the average price for Galax. The properties with the highest average price have 4 bedrooms, Their price is 10 % more costly than the average. After that we have properties with 3 bedrooms priced at $194,871.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $83 / sq.feet, with an average $652 / sq.feet price in Galax. The properties with the lowest average prices have 2 bedrooms. They are 72 % cheaper than the average followed by properties with 3 bedrooms with a price at $130 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $218,804 it is 84 % cheaper than the average price in Galax. "House" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $176,189 it is 85 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $103 / sq.feet followed by "House" priced at $126 / sq.feet. "Land" is the most costly type of property with a $14,579 / sq.feet cost followed by "House" with an average price of $126 / sq.feet.
