Property prices for sale in Lynchburg (Virginia)
The prices in real estate in Lynchburg, in the Virginia region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Lynchburg has remained the same in the last 6 months. In October, the average price per sq.feet was $167. In November this price pretty much remained the same at a value of $165 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $166 to $166 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 $166 to $170 during February y March
Based upon to the price in Lynchburg (cities), this has gone downing the last 6 months. In our first sample month during October, the average price is $347,141. In November This price remains at $362,311. During the following two months (December, January) the average price fell 89 % 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 94 %, going from $336,038.75 to $317,244 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $313,360 they are 71 % more affordable than the average price for Lynchburg. The properties with the highest average price have 4 bedrooms, Their price is 7 % more costly than the average. After that we have properties with 3 bedrooms priced at $294,208.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $136 / sq.feet, with an average $174 / sq.feet price in Lynchburg. The properties with the highest average prices have 3 bedrooms. They are 6 % more expensive than the average followed by properties with 2 bedrooms with a price at $164 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $313,360 it is 50 % cheaper than the average price in Lynchburg. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $282,865 it is 4 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $158 / sq.feet followed by "Condo" priced at $173 / sq.feet. "Land" is the most costly type of property with a $57,321 / sq.feet cost followed by "Townhouse" with an average price of $198 / sq.feet.
