Property prices for sale in Radford (Virginia)
The prices in real estate in Radford, 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 Radford has increased strongly during the last 6 months. In October, the average price per sq.feet was $178. In November this price pretty much remained the same at a value of $172 per sq.feet. The price for the following two months in (December, January) had a considerable increment of 206 %. The price per sq.feet has had a considerable increase of 2966 % 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 $268 to $7,949.5 during February, and March.
Based upon to the price in Radford (cities), these have remained the same in the last 6 months. The price in October is $338,424, rising in November till $356,200. In the following two months the average price has remained the same with regard to the previous two months from $347,312 to $341,929.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 86 %, going from $344,620.75 to $297,229.5 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 $312,478 they are 51 % more affordable than the average price for Radford. The properties with the highest average price have 4 bedrooms, Their price is 50 % more costly than the average. After that we have properties with 3 bedrooms priced at $334,050.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $152 / sq.feet, with an average $6,176 / sq.feet price in Radford. The properties with the lowest average prices have 3 bedrooms. They are 97 % cheaper than the average followed by properties with 1 bedroom with a price at $169 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $312,478 it is 97 % cheaper than the average price in Radford. "Apartment" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "House". At a price of $320,016 it is 25 % 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 $2 / sq.feet followed by "Commercial" priced at $57 / sq.feet. "Detached House" is the cheapest type of property with a $157 / sq.feet value followed by "House" with an average price of $144 / sq.feet.
