The prices in real estate in Lynchburg, in the Virginia region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Lynchburg has increased during the last 6 months. In April, the average price per sq.feet was $104. In the following month the price per sq.feet increased to $116. In the following two months the price per sq.feet has barely changed, going from $110 to $112 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $111 to $109.5 during August y September
Based upon to the price in Lynchburg (cities), this has gone up in the last 6 months. The price in April is $235,827, rising in May till $255,265. During the following two months (June, July) the price has had an average incrementation from $245,546 to $263,592. 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 $254,569 and $242,253.5 between August and September.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $229,321 they are 62 % more affordable than the average price for Lynchburg. The properties with the highest average price have 4 bedrooms, Their price is 2 % more costly than the average. After that we have properties with 3 bedrooms priced at $155,270.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $70 / sq.feet, with an average $109 / sq.feet price in Lynchburg. The properties with the lowest average prices have 4 bedrooms. They are 12 % cheaper than the average followed by properties with 3 bedrooms with a price at $93 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $229,321 it is 30 % cheaper than the average price in Lynchburg. "Commercial" is seen as the second most affordable property type. The dearest property type is "House" followed by "Office". At a price of $236,153 it is 24 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $81 / sq.feet followed by "Commercial" priced at $91 / sq.feet. "House" is the most costly type of property with a $118 / sq.feet cost followed by "Office" with an average price of $101 / sq.feet.