The prices in real estate in Suffolk, 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 Suffolk has fallen in the last 6 months. In September, the average price per sq.feet was $1,276. In the following month the price per sq.feet increased considerably to $2,031. The price for the following two months in (November, December) had a considerable decrease of 65 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 59 % 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 $1,362.25 to $810 during January, and February.
Based upon to the price in Suffolk (cities), these have remained the same in the last 6 months. In our first sample month during September, the average price is $432,719. In October This price remains at $423,627. In the following two months the average price has remained the same with regard to the previous two months from $428,173 to $441,786.5. 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 $434,979.75 and $436,686.5 between January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $453,996 they are 57 % more affordable than the average price for Suffolk. 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 $369,323.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $282 / sq.feet, with an average $733 / sq.feet price in Suffolk. The properties with the highest average prices have 4 bedrooms. They are 135 % more expensive than the average followed by properties with 3 bedrooms with a price at $447 / sq.feet.
The graph displaying the average prices displays the property type "Detached House" as the most affordable one. At an cost of $453,996 it is 53 % cheaper than the average price in Suffolk. "Farm" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $383,842 it is 0 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $78 / sq.feet followed by "Farm" priced at $82 / sq.feet. "House" is the most costly type of property with a $2,163 / sq.feet cost followed by "Apartment" with an average price of $318 / sq.feet.