The prices in real estate in South Boston, in the Virginia region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in South Boston has fallen in the last 6 months. In November, the average price per sq.feet was $578. In the following month the price per sq.feet decreased considerably to $455. The price for the following two months in (January, February) decreased 93 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 120 % 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 $498.75 to $598 during March, and April.
Based upon to the price in South Boston (cities), this has fallen considerably in the last 6 months. The average price for November is $768,384. During December the price had a considerable reduction till $515,812. During the following two months (January, February) the average price had a considerable reduction of 64 % 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 $525,676.25 to $422,106, which means a 80 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $443,427 they are 15 % more affordable than the average price for South Boston. The properties with the highest average price have 2 bedrooms, Their price is 93 % more costly than the average. After that we have properties with 1 bedroom priced at $671,333.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $135 / sq.feet, with an average $495 / sq.feet price in South Boston. The properties with the highest average prices have 2 bedrooms. They are 56 % more expensive than the average followed by properties with 1 bedroom with a price at $620 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $443,427 it is 79 % cheaper than the average price in South Boston. "" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "Apartment". At a price of $854,333 it is 235 % 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 $220 / sq.feet followed by "Apartment" priced at $707 / sq.feet. "Land" is the most costly type of property with a $12,988 / sq.feet cost followed by "Condo" with an average price of $960 / sq.feet.