The prices in real estate in South Hill, in the Virginia region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in South Hill has increased strongly during the last 6 months. In March, the average price per sq.feet was $90. In the following month the price per sq.feet decreased to $84. The price for the following two months in (May, June) had a considerable increment of 122 %. The price per sq.feet has had a considerable increase of 118 % 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 $96.5 to $114 during July, and August.
Based upon to the price in South Hill (cities), this has gone up considerably in the last 6 months. In our first sample month during March, the average price is $210,006. In April This price remains at $219,560. During the following two months (May, June) the average price had a considerable increase of 129 % with regard to the previous two months. 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 $245,772.75 and $234,070.5 between July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $214,091 they are 29 % more affordable than the average price for South Hill. The properties with the lowest average price have 1 bedroom, Their price is 29 % cheaper than the average. After that we have properties with 3 bedrooms priced at $152,398.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $65 / sq.feet, with an average $108 / sq.feet price in South Hill. The properties with the lowest average prices have 1 bedroom. They are 36 % cheaper than the average followed by properties with 3 bedrooms with a price at $65 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $214,091 it is 29 % 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 $306,346 it is 57 % 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 $65 / sq.feet followed by "Townhouse" priced at $97 / sq.feet. "House" is the most costly type of property with a $112 / sq.feet cost followed by "Townhouse" with an average price of $97 / sq.feet.