The prices in real estate in Poquoson, 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 Poquoson has increased strongly during the last 6 months. In September, the average price per sq.feet was $188. In October this price pretty much remained the same at a value of $194 per sq.feet. In the following two months the price per sq.feet has increased 114 %, going from $191 to $217.5 per sq.feet. The price per sq.feet has had a considerable increase of 17894 % 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 $204.25 to $36,549.5 during January, and February.
Based upon to the price in Poquoson (cities), this has gone up considerably in the last 6 months. In our first sample month during September, the average price is $541,676. In October This price remains at $544,642. During the following two months (November, December) the average price had a considerable increase of 117 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 120 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $724,738 they are 80 % more affordable than the average price for Poquoson. The properties with the lowest average price have 2 bedrooms, Their price is 44 % cheaper than the average. After that we have properties with 1 bedroom priced at $143,371.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $138 / sq.feet, with an average $72,861 / sq.feet price in Poquoson. The properties with the lowest average prices have 1 bedroom. They are 100 % cheaper than the average followed by properties with 2 bedrooms with a price at $138 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $724,738 it is 52 % cheaper than the average price in Poquoson. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Apartment". At a price of $346,113 it is 44 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $138 / sq.feet followed by "Apartment" priced at $36,125 / sq.feet. "Apartment" is the cheapest type of property with a $36,125 / sq.feet value followed by "House" with an average price of $138 / sq.feet.