The prices in real estate in Toano, 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 Toano has increased strongly during the last 6 months. In February, the average price per sq.feet was $161. In March this price pretty much remained the same at a value of $166 per sq.feet. The price for the following two months in (April, May) had a considerable increment of 191 %. The price per sq.feet has had a considerable deflation of 71 % 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 $237.5 to $169 during June, and July.
Based upon to the price in Toano (cities), this has gone up in the last 6 months. In our first sample month during February, the average price is $392,520. In March This price remains at $403,829. During the following two months (April, May) the price has had an average incrementation from $398,174.5 to $438,114. Based on an analysis of the first four prices and the last two months the average price has gone up 107 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $473,527 they are 74 % more affordable than the average price for Toano. The properties with the lowest average price have 2 bedrooms, Their price is 18 % cheaper than the average. After that we have properties with 1 bedroom priced at $125,204.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $116 / sq.feet, with an average $171 / sq.feet price in Toano. The properties with the highest average prices have 1 bedroom. They are 44 % more expensive than the average followed by properties with 2 bedrooms with a price at $116 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $473,527 it is 46 % cheaper than the average price in Toano. "Condo" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of $301,635 it is 18 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $98 / sq.feet followed by "Apartment" priced at $109 / sq.feet. "House" is the cheapest type of property with a $116 / sq.feet value followed by "Apartment" with an average price of $109 / sq.feet.