Property prices for sale in Glen Allen (Virginia)
The prices in real estate in Glen Allen, 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 Glen Allen has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $619. In the following month the price per sq.feet increased considerably to $1,000. The price for the following two months in (December, January) had a considerable decrease of 34 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 43 % 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 $542.25 to $235.5 during February, and March.
Based upon to the price in Glen Allen (cities), these have remained the same in the last 6 months. The price in October is $575,169, rising in November till $613,031. During the following two months (December, January) the average price fell 94 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $577,154.75 and $550,306.5 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $566,945 they are 51 % more affordable than the average price for Glen Allen. The properties with the highest average price have 4 bedrooms, Their price is 1 % more costly than the average. After that we have properties with 3 bedrooms priced at $462,402.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $222 / sq.feet, with an average $235 / sq.feet price in Glen Allen. The properties with the highest average prices have 2 bedrooms. They are 20 % more expensive than the average followed by properties with 1 bedroom with a price at $234 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $566,945 it is 27 % cheaper than the average price in Glen Allen. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Land" followed by "House". At a price of $629,998 it is 13 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $227 / sq.feet followed by "Townhouse" priced at $231 / sq.feet. "Land" is the most costly type of property with a $133,665 / sq.feet cost followed by "House" with an average price of $534 / sq.feet.
