Property prices for sale in Richmond (Virginia)
The prices in real estate in Richmond, in the Virginia region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Richmond has remained the same in the last 6 months. In October, the average price per sq.feet was $231. In November this price pretty much remained the same at a value of $233 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $232 to $232 per sq.feet. The price per sq.feet has increased 111 % 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 $232 to $256.5 during February, and March.
Based upon to the price in Richmond (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $429,306. In November This price remains at $412,574. In the following two months the average price has remained the same with regard to the previous two months from $420,940 to $431,700. 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 $426,320 and $435,999.5 between 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 $457,944 they are 60 % more affordable than the average price for Richmond. The properties with the highest average price have 4 bedrooms, Their price is 27 % more costly than the average. After that we have properties with 3 bedrooms priced at $424,094.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $242 / sq.feet, with an average $277 / sq.feet price in Richmond. The properties with the highest average prices have 2 bedrooms. They are 4 % more expensive than the average followed by properties with 1 bedroom with a price at $285 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $457,944 it is 14 % cheaper than the average price in Richmond. "House" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Townhouse". At a price of $642,969 it is 145 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $251 / sq.feet followed by "House" priced at $273 / sq.feet. "Townhouse" is the most costly type of property with a $66,929 / sq.feet cost followed by "Condo" with an average price of $330 / sq.feet.
