The prices in real estate in Mc Lean, 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 Mc Lean has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $3,842. In the following month the price per sq.feet decreased considerably to $347. The price for the following two months in (September, October) had a considerable decrease of 22 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 33 % 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 $1,274 to $425.5 during November, and December.
Based upon to the price in Mc Lean (cities), this has gone up in the last 6 months. The average price during our first sample month during July, is $1,198,172. During August the price went through a considerable rise reaching $1,508,106. During the following two months (September, October) the average price fell 90 % with regard to the previous two months. 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 $1,287,903 and $1,294,797.5 between November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,475,250 they are 65 % more affordable than the average price for Mc Lean. The properties with the highest average price have 3 bedrooms, Their price is 22 % more costly than the average. After that we have properties with 2 bedrooms priced at $1,221,527.
With regard to the average price per sq.feet , those properties with 1 bedroom are the most costly ones at a cost of $6,734 / sq.feet, with an average $367 / sq.feet price in Mc Lean. The properties with the highest average prices have 3 bedrooms. They are 3829 % more expensive than the average followed by properties with 2 bedrooms with a price at $6,979 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most costly one. At an cost of $1,475,250 it is 6 % more expensive than the average price in Mc Lean. "Townhouse" is seen as the second dearest property type. The dearest property type is "Apartment" followed by "Townhouse". At a price of $1,565,720 it is 22 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Apartment" at an average cost of $14,419 / sq.feet followed by "Office" priced at $15,095 / sq.feet. "Townhouse" is the most costly type of property with a $15,111 / sq.feet cost followed by "Office" with an average price of $15,095 / sq.feet.