Property prices for sale in Gloucester (Virginia)
The prices in real estate in Gloucester, 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 Gloucester has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $1,335. In the following month the price per sq.feet decreased considerably to $699. The price for the following two months in (January, February) had a considerable decrease of 76 with regard to the prior two months. The price per sq.feet has had a considerable increase of 158 % 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 $895.25 to $1,410.5 during March, and April.
Based upon to the price in Gloucester (cities), this has gone up in the last 6 months. In our first sample month during November, the average price is $351,876. In December This price remains at $361,421. During the following two months (January, February) the price has had an average incrementation from $356,648.5 to $382,423. 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 $369,535.75 and $371,398.5 between 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 $396,809 they are 37 % more affordable than the average price for Gloucester. The properties with the highest average price have 4 bedrooms, Their price is 35 % more costly than the average. After that we have properties with 3 bedrooms priced at $374,740.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $284 / sq.feet, with an average $1,176 / sq.feet price in Gloucester. The properties with the lowest average prices have 4 bedrooms. They are 3 % cheaper than the average followed by properties with 3 bedrooms with a price at $340 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $396,809 it is 61 % cheaper than the average price in Gloucester. "Condo" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $418,089 it is 28 % 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 $269 / sq.feet followed by "Commercial" priced at $274 / sq.feet. "Land" is the most costly type of property with a $5,971 / sq.feet cost followed by "House" with an average price of $714 / sq.feet.
