The prices in real estate in South Hill, 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 Hill has fallen in the last 6 months. In June, the average price per sq.feet was $91. In the following month the price per sq.feet decreased to $82. In the following two months the price per sq.feet has barely changed, going from $86.5 to $82.5 per sq.feet. The price per sq.feet has increased 109 % 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 $84.5 to $92.5 during October, and November.
Based upon to the price in South Hill (cities), this has gone downing the last 6 months. In our first sample month during June, the average price is $208,155. In July This price remains at $201,344. During the following two months (August, September) the average price fell 86 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 94 %, going from $190,667.5 to $179,752 in October and November.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $176,189 they are 13 % more affordable than the average price for South Hill. The properties with the lowest average price have 1 bedroom, Their price is 13 % cheaper than the average. After that we have properties with 3 bedrooms priced at $153,011.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $69 / sq.feet, with an average $94 / sq.feet price in South Hill. The properties with the lowest average prices have 1 bedroom. They are 22 % cheaper than the average followed by properties with 3 bedrooms with a price at $69 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $176,189 it is 13 % 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 $309,121 it is 91 % 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 $69 / sq.feet followed by "Townhouse" priced at $106 / sq.feet. "Apartment" is the most costly type of property with a $116 / sq.feet cost followed by "Townhouse" with an average price of $106 / sq.feet.