The prices in real estate in Toano, 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 Toano has had a strong decrease during the last 6 months. In February, the average price per sq.feet was $266. In the following month the price per sq.feet decreased considerably to $189. The price for the following two months in (April, May) had a considerable decrease of 82 with regard to the prior two months. The price per sq.feet has decreased 90 % 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 $207 to $187 during June, and July.
Based upon to the price in Toano (cities), this has fallen considerably in the last 6 months. The average price for February is $602,280. During March the price had a considerable reduction till $460,729. During the following two months (April, May) the average price fell 90 % 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 $505,981.5 and $504,502.5 between June and July.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $515,477 they are 76 % more affordable than the average price for Toano. The properties with the lowest average price have 2 bedrooms, Their price is 25 % cheaper than the average. After that we have properties with 1 bedroom priced at $123,704.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $104 / sq.feet, with an average $190 / sq.feet price in Toano. The properties with the highest average prices have 1 bedroom. They are 24 % more expensive than the average followed by properties with 2 bedrooms with a price at $104 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $515,477 it is 51 % 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 $298,029 it is 25 % 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 $86 / sq.feet followed by "Apartment" priced at $97 / sq.feet. "House" is the cheapest type of property with a $104 / sq.feet value followed by "Apartment" with an average price of $97 / sq.feet.