The prices in real estate in Portsmouth, in the Virginia region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Portsmouth has increased during the last 6 months. In March, the average price per sq.feet was $116. In the following month the price per sq.feet increased to $123. In the following two months the price per sq.feet has barely changed, going from $119.5 to $121 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $120.25 to $123.5 during July y August
Based upon to the price in Portsmouth (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during March, is $182,434. During April the price went through a considerable rise reaching $236,543. During the following two months (May, June) the price has had an average incrementation from $209,488.5 to $237,019.5. 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 $223,254 and $216,700.5 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 $220,696 they are 36 % more affordable than the average price for Portsmouth. The properties with the highest average price have 4 bedrooms, Their price is 23 % more costly than the average. After that we have properties with 3 bedrooms priced at $241,966.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $120 / sq.feet, with an average $126 / sq.feet price in Portsmouth. The properties with the lowest average prices have 3 bedrooms. They are 1 % cheaper than the average followed by properties with 2 bedrooms with a price at $123 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $220,696 it is 49 % cheaper than the average price in Portsmouth. "Villa" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $184,524 it is 1 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $113 / sq.feet followed by "Condo" priced at $118 / sq.feet. "Villa" is the most costly type of property with a $3,494 / sq.feet cost followed by "Duplex" with an average price of $3,474 / sq.feet.