The prices in real estate in Stafford, 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 Stafford has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $787. In the following month the price per sq.feet decreased considerably to $246. In the following two months the price per sq.feet has increased 106 %, going from $516.5 to $546 per sq.feet. The price per sq.feet has had a considerable increase of 173 % 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 $531.25 to $918.5 during March, and April.
Based upon to the price in Stafford (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is $575,082. In December This price remains at $569,460. During the following two months (January, February) the price has had an average incrementation from $572,271 to $613,450.5. 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 $592,860.75 and $607,894 between March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $619,190 they are 41 % more affordable than the average price for Stafford. The properties with the lowest average price have 4 bedrooms, Their price is 1 % cheaper than the average. After that we have properties with 1 bedroom priced at $588,420.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $216 / sq.feet, with an average $221 / sq.feet price in Stafford. The properties with the highest average prices have 1 bedroom. They are 143 % more expensive than the average followed by properties with 2 bedrooms with a price at $302 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $619,190 it is 53 % cheaper than the average price in Stafford. "Apartment" is seen as the second most affordable property type. The dearest property type is "Farm" followed by "House". At a price of $602,880 it is 8 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $127 / sq.feet followed by "Commercial" priced at $134 / sq.feet. "Farm" is the most costly type of property with a $1,983 / sq.feet cost followed by "Detached House" with an average price of $229 / sq.feet.