Property prices for sale in Petersburg (Virginia)
The prices in real estate in Petersburg, 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 Petersburg has increased strongly during the last 6 months. In October, the average price per sq.feet was $151. In November this price pretty much remained the same at a value of $144 per sq.feet. The price for the following two months in (December, January) decreased 89 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 243 % 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 $139.25 to $339 during February, and March.
Based upon to the price in Petersburg (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $240,838. In November This price remains at $237,416. In the following two months the average price has remained the same with regard to the previous two months from $239,127 to $238,955. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 95 %, going from $239,041 to $226,290.5 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 $208,215 they are 80 % more affordable than the average price for Petersburg. The properties with the highest average price have 4 bedrooms, Their price is 49 % more costly than the average. After that we have properties with 3 bedrooms priced at $227,585.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $76 / sq.feet, with an average $546 / sq.feet price in Petersburg. The properties with the lowest average prices have 3 bedrooms. They are 71 % cheaper than the average followed by properties with 4 bedrooms with a price at $154 / sq.feet.
The graph displaying the average prices displays the property type "Commercial Property" as the most affordable one. At an cost of $208,215 it is 57 % cheaper than the average price in Petersburg. "Condo" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Apartment". At a price of $250,778 it is 88 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $91 / sq.feet followed by "House" priced at $144 / sq.feet. "Commercial Property" is the most costly type of property with a $988 / sq.feet cost followed by "Apartment" with an average price of $154 / sq.feet.
