The prices in real estate in Mineral, 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 Mineral has increased strongly during the last 6 months. In March, the average price per sq.feet was $497. In the following month the price per sq.feet increased considerably to $876. The price for the following two months in (May, June) had a considerable increment of 159 %. The price per sq.feet has had a considerable deflation of 75 % 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 $889.75 to $664 during July, and August.
Based upon to the price in Mineral (cities), these have remained the same in the last 6 months. The average price for March is $250,982. During April the price had a slight fall till $229,557. During the following two months (May, June) the average price had a considerable increase of 117 % 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 $260,868.75 and $248,841 between July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $283,072 they are 38 % more affordable than the average price for Mineral. The properties with the highest average price have 4 bedrooms, Their price is 76 % more costly than the average. After that we have properties with 3 bedrooms priced at $310,572.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $166 / sq.feet, with an average $573 / sq.feet price in Mineral. The properties with the highest average prices have 4 bedrooms. They are 679 % more expensive than the average followed by properties with 3 bedrooms with a price at $1,003 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $283,072 it is 61 % cheaper than the average price in Mineral. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $111,180 it is 33 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $453 / sq.feet followed by "House" priced at $2,366 / sq.feet. "House" is the most costly type of property with a $2,366 / sq.feet cost followed by "Land" with an average price of $453 / sq.feet.