The prices in real estate in South Hill, 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 Hill has increased during the last 6 months. In December, the average price per sq.feet was $96. In January this price pretty much remained the same at a value of $95 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $95.5 to $95.5 per sq.feet. The price per sq.feet has had a considerable increase of 116 % 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 $95.5 to $110.5 during April, and May.
Based upon to the price in South Hill (cities), these have remained the same in the last 6 months. The average price during our first sample month during December, is $241,100. During January the price went through a considerable rise reaching $294,988. During the following two months (February, March) the average price fell 92 % 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 92 %, going from $257,554 to $235,762.5 in April and May.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $266,239 they are 43 % more affordable than the average price for South Hill. The properties with the lowest average price have 1 bedroom, Their price is 43 % cheaper than the average. After that we have properties with 3 bedrooms priced at $151,787.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $61 / sq.feet, with an average $119 / sq.feet price in South Hill. The properties with the lowest average prices have 1 bedroom. They are 45 % cheaper than the average followed by properties with 3 bedrooms with a price at $61 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $266,239 it is 43 % cheaper than the average price in South Hill. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $303,595 it is 25 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $61 / sq.feet followed by "Townhouse" priced at $88 / sq.feet. "House" is the cheapest type of property with a $108 / sq.feet value followed by "Townhouse" with an average price of $88 / sq.feet.