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 $131. In the following month the price per sq.feet increased considerably to $179. 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 580 % 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 $146.75 to $850.5 during February, and March.
Based upon to the price in Radford (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $229,386. During November the price went through a considerable rise reaching $500,800. During the following two months (December, January) the average price had a considerable reduction of 80 % 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 263 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $939,760 they are 88 % more affordable than the average price for Radford. The properties with the lowest average price have 4 bedrooms, Their price is 39 % cheaper than the average. After that we have properties with 1 bedroom priced at $311,971.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $72 / sq.feet, with an average $721 / sq.feet price in Radford. The properties with the lowest average prices have 4 bedrooms. They are 78 % cheaper than the average followed by properties with 1 bedroom with a price at $132 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $939,760 it is 82 % cheaper than the average price in Radford. "Commercial" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Duplex". At a price of $253,036 it is 69 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $93 / sq.feet followed by "Townhouse" priced at $94 / sq.feet. "House" is the cheapest type of property with a $130 / sq.feet value followed by "Duplex" with an average price of $95 / sq.feet.