The prices in real estate in King George, in the Virginia 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 King George has had a strong decrease during the last 6 months. In May, the average price per sq.feet was $212. In the following month the price per sq.feet increased to $233. The price for the following two months in (July, August) had a considerable decrease of 69 with regard to the prior two months. The price per sq.feet has decreased 91 % 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 $188.25 to $172 during September, and October.
Based upon to the price in King George (cities), this has gone downing the last 6 months. The average price during our first sample month during May, is $488,993. During June the price went through a considerable rise reaching $599,945. During the following two months (July, August) the average price had a considerable reduction of 70 % 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 88 %, going from $463,830 to $409,778.5 in September and October.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $418,206 they are 27 % more affordable than the average price for King George. The properties with the highest average price have 1 bedroom, Their price is 21 % more costly than the average. After that we have properties with 4 bedrooms priced at $427,250.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $121 / sq.feet, with an average $164 / sq.feet price in King George. The properties with the highest average prices have 1 bedroom. They are 134 % more expensive than the average followed by properties with 2 bedrooms with a price at $176 / sq.feet.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of $418,206 it is 31 % 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 "Townhouse". At a price of $366,983 it is 8 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $138 / sq.feet followed by "House" priced at $152 / sq.feet. "Condo" is the most costly type of property with a $981 / sq.feet cost followed by "Farm" with an average price of $970 / sq.feet.