Property prices for sale in King George (Virginia)
The prices in real estate in King George, 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 King George has increased strongly during the last 6 months. In October, the average price per sq.feet was $205. In November this price pretty much remained the same at a value of $203 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $204 to $211.5 per sq.feet. The price per sq.feet has had a considerable increase of 170 % 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 $207.75 to $354 during February, and March.
Based upon to the price in King George (cities), this has gone downing the last 6 months. The average price for October is $537,206. During November the price had a slight fall till $492,685. In the following two months the average price has remained the same with regard to the previous two months from $514,945.5 to $505,835.5. 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 $510,390.5 and $504,173.5 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $506,607 they are 41 % more affordable than the average price for King George. The properties with the lowest average price have 1 bedroom, Their price is 2 % cheaper than the average. After that we have properties with 4 bedrooms priced at $418,357.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $100 / sq.feet, with an average $211 / sq.feet price in King George. The properties with the highest average prices have 1 bedroom. They are 74 % more expensive than the average followed by properties with 2 bedrooms with a price at $160 / sq.feet.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of $506,607 it is 45 % cheaper than the average price in King George. "Condo" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Detached House". At a price of $353,983 it is 26 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $102 / sq.feet followed by "Detached House" priced at $117 / sq.feet. "Condo" is the most costly type of property with a $940 / sq.feet cost followed by "Farm" with an average price of $929 / sq.feet.
