The prices in real estate in Roanoke, 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 Roanoke has increased during the last 6 months. In January, the average price per sq.feet was $107. In the following month the price per sq.feet increased to $117. In the following two months the price per sq.feet has barely changed, going from $112 to $113.5 per sq.feet. The price per sq.feet has had a considerable increase of 117 % 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 $112.75 to $132 during May, and June.
Based upon to the price in Roanoke (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during January, is $203,974. During February the price went through a considerable rise reaching $241,830. During the following two months (March, April) the price has had an average incrementation from $222,902 to $243,303. Based on an analysis of the first four prices and the last two months the average price has risen strongly 199 % 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 $507,070 they are 86 % more affordable than the average price for Roanoke. The properties with the lowest average price have 4 bedrooms, Their price is 43 % cheaper than the average. After that we have properties with 3 bedrooms priced at $163,374.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $89 / sq.feet, with an average $135 / sq.feet price in Roanoke. The properties with the lowest average prices have 4 bedrooms. They are 17 % cheaper than the average followed by properties with 2 bedrooms with a price at $103 / sq.feet.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of $507,070 it is 64 % cheaper than the average price in Roanoke. "Condo" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $182,298 it is 46 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $90 / sq.feet followed by "Condo" priced at $95 / sq.feet. "House" is the cheapest type of property with a $101 / sq.feet value followed by "Condo" with an average price of $95 / sq.feet.