The prices in real estate in Gloucester, 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 Gloucester has increased strongly during the last 6 months. In April, the average price per sq.feet was $664. In the following month the price per sq.feet increased considerably to $1,230. The price for the following two months in (June, July) had a considerable decrease of 84 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 79 % 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 $869.5 to $688.5 during August, and September.
Based upon to the price in Gloucester (cities), this has gone downing the last 6 months. In our first sample month during April, the average price is $219,671. In May This price remains at $227,217. In the following two months the average price has remained the same with regard to the previous two months from $223,444 to $215,489. During the last two months the average price has had a strong fall compared to the previous four going from $219,466.5 to $179,581.5, which means a 82 % fall.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 87 % more costly than the average price of $319,981 in Gloucester. Based on the bedrooms values, properties with the highest prices are those with 1 bedroom. They are 87 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 84 % cheaper than the average price of ($127 / 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 84 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "House" as the most costly one. At an cost of $171,005 it is 87 % more expensive than the average price in Gloucester. "Townhouse" is seen as the second dearest property type. The dearest property type is "Townhouse" followed by "House". At a price of $319,981 it is 364 % 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 $127 / sq.feet followed by "Townhouse" priced at $158 / sq.feet. "Townhouse" is the cheapest type of property with a $158 / sq.feet value followed by "House" with an average price of $127 / sq.feet.