Property prices for sale in South Boston (Virginia)

The prices in real estate in South Boston, in the Virginia region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.

$662,336.83
Average price last 6 months
$574.5
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in South Boston has had a strong decrease during the last 6 months. In September, the average price per sq.feet was $713. In October this price pretty much remained the same at a value of $739 per sq.feet. The price for the following two months in (November, December) had a considerable decrease of 71 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 77 % 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 $621.25 to $481 during January, and February.

Average price

Based upon to the price in South Boston (cities), this has fallen considerably in the last 6 months. In our first sample month during September, the average price is $937,079. In October This price remains at $934,237. During the following two months (November, December) the average price had a considerable reduction of 69 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $788,878 to $409,254.5, which means a 52 % fall.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $365,709 they are 35 % more affordable than the average price for South Boston. The properties with the highest average price have 2 bedrooms, Their price is 84 % more costly than the average. After that we have properties with 1 bedroom priced at $635,750.

With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $127 / sq.feet, with an average $419 / sq.feet price in South Boston. The properties with the highest average prices have 2 bedrooms. They are 71 % more expensive than the average followed by properties with 1 bedroom with a price at $667 / sq.feet.

Price per property type

The graph displaying the average prices displays the property type "" as the most affordable one. At an cost of $365,709 it is 72 % cheaper than the average price in South Boston. "House" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "Apartment". At a price of $766,580 it is 120 % more expensive than the average price.

According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $190 / sq.feet followed by "Detached House" priced at $305 / sq.feet. "Land" is the most costly type of property with a $26,419 / sq.feet cost followed by "Apartment" with an average price of $659 / sq.feet.

Charts data
Average price February
Average price per sq.feet February
Number of properties used in South Boston
Number of properties used in region Virginia
$365,709
$419
1,456
579,372
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value