The prices in real estate in Grottoes, 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 Grottoes has increased strongly during the last 6 months. In October, the average price per sq.feet was $197. In November this price pretty much remained the same at a value of $190 per sq.feet. In the following two months the price per sq.feet has increased 107 %, going from $193.5 to $207 per sq.feet. The price per sq.feet has had a considerable increase of 1901 % 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 $200.25 to $3,806.5 during February, and March.
Based upon to the price in Grottoes (cities), this has gone downing the last 6 months. The average price for October is $317,928. During November the price had a slight fall till $290,554. During the following two months (December, January) the average price fell 92 % 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 $292,378.75 and $283,341 between February and March.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 31 % cheaper than the average price of $202,496 in Grottoes. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 31 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 99 % cheaper than the average price of ($75 / sq.feet) in Grottoes. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 99 % 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 $294,813 it is 31 % cheaper than the average price in Grottoes. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "Townhouse" followed by "House". At a price of $202,496 it is 20 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $66 / sq.feet followed by "House" priced at $75 / sq.feet. "House" is the cheapest type of property with a $75 / sq.feet value followed by "Townhouse" with an average price of $66 / sq.feet.