Property prices for sale in South Hill (Virginia)
The prices in real estate in South Hill, 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.
The price per sq.feet in South Hill has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $120. In the following month the price per sq.feet decreased to $108. The price for the following two months in (September, October) had a considerable decrease of 80 with regard to the prior two months. The price per sq.feet has decreased 93 % 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 $102.5 to $95.5 during November, and December.
Based upon to the price in South Hill (cities), these have remained the same in the last 6 months. The average price for July is $254,050. During August the price had a considerable reduction till $214,091. During the following two months (September, October) the price has had an average incrementation from $234,070.5 to $251,513.5. 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 $242,792 and $254,094 between November and December.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $241,100 they are 37 % more affordable than the average price for South Hill. The properties with the lowest average price have 1 bedroom, Their price is 36 % cheaper than the average. After that we have properties with 3 bedrooms priced at $152,551.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $61 / sq.feet, with an average $96 / sq.feet price in South Hill. The properties with the lowest average prices have 1 bedroom. They are 27 % cheaper than the average followed by properties with 3 bedrooms with a price at $66 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $241,100 it is 37 % cheaper than the average price in South Hill. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "Townhouse". At a price of $305,120 it is 38 % 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 $61 / sq.feet followed by "Townhouse" priced at $93 / sq.feet. "Apartment" is the most costly type of property with a $108 / sq.feet cost followed by "Townhouse" with an average price of $93 / sq.feet.
