The prices in real estate in Oakton, 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 Oakton has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $2,378. In the following month the price per sq.feet decreased considerably to $2,016. The price for the following two months in (June, July) had a considerable decrease of 12 with regard to the prior two months. The price per sq.feet has had a considerable increase of 276 % 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 $1,232.5 to $3,402 during August, and September.
Based upon to the price in Oakton (cities), these have remained the same in the last 6 months. The average price during our first sample month during April, is $1,307,486. During May the price went through a considerable rise reaching $1,621,977. During the following two months (June, July) the average price fell 90 % 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 89 %, going from $1,391,599.75 to $1,237,641.5 in 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 $1,258,803 they are 83 % more affordable than the average price for Oakton. The properties with the lowest average price have 4 bedrooms, Their price is 26 % cheaper than the average. After that we have properties with 3 bedrooms priced at $498,301.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $242 / sq.feet, with an average $1,519 / sq.feet price in Oakton. The properties with the lowest average prices have 3 bedrooms. They are 82 % cheaper than the average followed by properties with 2 bedrooms with a price at $255 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $1,258,803 it is 28 % cheaper than the average price in Oakton. "Land" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "Townhouse". At a price of $1,190,569 it is 13 % 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 $243 / sq.feet followed by "Apartment" priced at $1,058 / sq.feet. "Townhouse" is the most costly type of property with a $31,733 / sq.feet cost followed by "Land" with an average price of $27,062 / sq.feet.