The prices in real estate in South Boston, 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 South Boston has increased during the last 6 months. In May, the average price per sq.feet was $647. In the following month the price per sq.feet increased to $692. In the following two months the price per sq.feet has increased 107 %, going from $669.5 to $714 per sq.feet. The price per sq.feet has increased 107 % 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 $691.75 to $739 during September, and October.
Based upon to the price in South Boston (cities), these have remained the same in the last 6 months. In our first sample month during May, the average price is $893,145. In June This price remains at $858,153. During the following two months (July, August) the price has had an average incrementation from $875,649 to $934,500. 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 $905,074.5 and $920,882.5 between September and October.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $975,235 they are 36 % more affordable than the average price for South Boston. The properties with the highest average price have 4 bedrooms, Their price is 81 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,186,266.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $700 / sq.feet, with an average $752 / sq.feet price in South Boston. The properties with the highest average prices have 1 bedroom. They are 10 % more expensive than the average followed by properties with 2 bedrooms with a price at $778 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $975,235 it is 89 % cheaper than the average price in South Boston. "Mobile Home" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $979,991 it is 557 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $31 / sq.feet followed by "Mobile Home" priced at $34 / sq.feet. "House" is the most costly type of property with a $1,149 / sq.feet cost followed by "Condo" with an average price of $775 / sq.feet.