The prices in real estate in Henrico, in the North Carolina 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 Henrico has had a strong decrease during the last 6 months. In August, the average price per sq.feet was $509. In the following month the price per sq.feet decreased considerably to $177. The price for the following two months in (October, November) had a considerable decrease of 51 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 80 % 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 $259.75 to $207 during December, and January.
Based upon to the price in Henrico (cities), this has gone up in the last 6 months. In our first sample month during August, the average price is $508,860. In September This price remains at $512,208. During the following two months (October, November) the average price fell 91 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 127 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $605,738 they are 73 % more affordable than the average price for Henrico. The properties with the lowest average price have 4 bedrooms, Their price is 18 % cheaper than the average. After that we have properties with 3 bedrooms priced at $331,771.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $153 / sq.feet, with an average $213 / sq.feet price in Henrico. The properties with the lowest average prices have 4 bedrooms. They are 16 % cheaper than the average followed by properties with 1 bedroom with a price at $163 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $605,738 it is 65 % cheaper than the average price in Henrico. "Condo" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "Townhouse". At a price of $422,196 it is 20 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $126 / sq.feet followed by "Office" priced at $140 / sq.feet. "Apartment" is the most costly type of property with a $908 / sq.feet cost followed by "House" with an average price of $154 / sq.feet.