The prices in real estate in Scottsville, 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 Scottsville has increased strongly during the last 6 months. In January, the average price per sq.feet was $165. In February this price pretty much remained the same at a value of $167 per sq.feet. In the following two months the price per sq.feet has increased 108 %, going from $166 to $179 per sq.feet. The price per sq.feet has had a considerable increase of 161 % 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 $172.5 to $277 during May, and June.
Based upon to the price in Scottsville (cities), this has gone up considerably in the last 6 months. The price in January is $379,211, rising in February till $404,437. During the following two months (March, April) the average price had a considerable increase of 124 % 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 319 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $1,568,718 they are 85 % more affordable than the average price for Scottsville. The properties with the lowest average price have 4 bedrooms, Their price is 72 % cheaper than the average. After that we have properties with 2 bedrooms priced at $267,881.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $115 / sq.feet, with an average $305 / sq.feet price in Scottsville. The properties with the lowest average prices have 2 bedrooms. They are 27 % cheaper than the average followed by properties with 4 bedrooms with a price at $132 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $1,568,718 it is 83 % cheaper than the average price in Scottsville. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "Multi Family House" followed by "Townhouse". At a price of $379,649 it is 43 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $119 / sq.feet followed by "Townhouse" priced at $175 / sq.feet. "Multi Family House" is the cheapest type of property with a $290 / sq.feet value followed by "Townhouse" with an average price of $175 / sq.feet.