The prices in real estate in Stafford, 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 Stafford has increased strongly during the last 6 months. In April, the average price per sq.feet was $1,038. In the following month the price per sq.feet increased considerably to $2,358. The price for the following two months in (June, July) had a considerable decrease of 84 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 50 % 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 $1,558.75 to $778.5 during August, and September.
Based upon to the price in Stafford (cities), these have remained the same in the last 6 months. In our first sample month during April, the average price is $430,722. In May This price remains at $439,105. In the following two months the average price has remained the same with regard to the previous two months from $434,913.5 to $423,456.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 91 %, going from $429,185 to $388,788.5 in August and September.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $389,820 they are 37 % more affordable than the average price for Stafford. The properties with the highest average price have 4 bedrooms, Their price is 8 % more costly than the average. After that we have properties with 3 bedrooms priced at $359,817.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $196 / sq.feet, with an average $1,161 / sq.feet price in Stafford. The properties with the highest average prices have 4 bedrooms. They are 152 % more expensive than the average followed by properties with 3 bedrooms with a price at $402 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $389,820 it is 40 % cheaper than the average price in Stafford. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Farm" followed by "Commercial". At a price of $472,429 it is 79 % 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 $137 / sq.feet followed by "Townhouse" priced at $147 / sq.feet. "Farm" is the most costly type of property with a $2,104 / sq.feet cost followed by "House" with an average price of $1,770 / sq.feet.