The prices in real estate in Newport News, 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 Newport News has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $268. In the following month the price per sq.feet decreased considerably to $120. The price for the following two months in (September, October) had a considerable decrease of 65 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 77 % 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 $159.75 to $123 during November, and December.
Based upon to the price in Newport News (cities), this has gone downing the last 6 months. The average price for July is $219,908. During August the price had a slight fall till $198,248. In the following two months the average price has remained the same with regard to the previous two months from $209,078 to $215,118. 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 $212,098 and $203,676 between November and December.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 0 % cheaper than the average price of $202,614 in Newport News. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 0 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 64 % more costly than the average price of ($203 / sq.feet) in Newport News. Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 64 % more costly than the average value aforementioned.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of $203,177 it is 12 % cheaper than the average price in Newport News. "Apartment" is seen as the second most affordable property type. The dearest property type is "Duplex" followed by "Commercial". At a price of $254,558 it is 30 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $120 / sq.feet followed by "Apartment" priced at $203 / sq.feet. "Commercial" is the most costly type of property with a $972 / sq.feet cost followed by "Farm" with an average price of $210 / sq.feet.