The prices in real estate in Gloucester, 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 Gloucester has remained the same in the last 6 months. In January, the average price per sq.feet was $183. In February this price pretty much remained the same at a value of $188 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $185.5 to $185 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 $185.25 to $198.5 during May, and June.
Based upon to the price in Gloucester (cities), this has fallen considerably in the last 6 months. The price in January is $593,553, rising in February till $675,590. During the following two months (March, April) the average price had a considerable reduction of 65 % 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 89 %, going from $524,901.25 to $464,888.5 in May and June.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 33 % cheaper than the average price of $317,108 in Gloucester. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 33 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 44 % cheaper than the average price of ($118 / sq.feet) in Gloucester. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 44 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $472,118 it is 33 % cheaper than the average price in Gloucester. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "House". At a price of $317,108 it is 67 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $118 / sq.feet followed by "Townhouse" priced at $149 / sq.feet. "Townhouse" is the cheapest type of property with a $149 / sq.feet value followed by "House" with an average price of $118 / sq.feet.