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 July, the average price per sq.feet was $121. In August this price pretty much remained the same at a value of $126 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $123.5 to $127 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 $125.25 to $129.5 during November y December
Based upon to the price in Portsmouth (cities), this has gone up in the last 6 months. In our first sample month during July, the average price is $212,705. In August This price remains at $220,696. During the following two months (September, October) the price has had an average incrementation from $216,700.5 to $234,891.5. Based on an analysis of the first four prices and the last two months the average price has gone up 106 % 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 $255,056 they are 72 % more affordable than the average price for Portsmouth. The properties with the lowest average price have 4 bedrooms, Their price is 17 % cheaper than the average. After that we have properties with 3 bedrooms priced at $162,133.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $95 / sq.feet, with an average $129 / sq.feet price in Portsmouth. The properties with the lowest average prices have 3 bedrooms. They are 15 % cheaper than the average followed by properties with 4 bedrooms with a price at $107 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $255,056 it is 56 % cheaper than the average price in Portsmouth. "Villa" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "Office". At a price of $182,489 it is 184 % 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 $100 / sq.feet followed by "Apartment" priced at $101 / sq.feet. "Villa" is the most costly type of property with a $3,478 / sq.feet cost followed by "Duplex" with an average price of $3,458 / sq.feet.