Property prices for sale in Triangle (Virginia)
The prices in real estate in Triangle, 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 Triangle has increased strongly during the last 6 months. In October, the average price per sq.feet was $269. In the following month the price per sq.feet increased considerably to $1,716. The price for the following two months in (December, January) had a considerable increment of 321 %. The price per sq.feet has had a considerable increase of 344 % 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 $2,087.5 to $7,185 during February, and March.
Based upon to the price in Triangle (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $508,575. In November This price remains at $485,656. In the following two months the average price has remained the same with regard to the previous two months from $497,115.5 to $505,333. Based on an analysis of the first four prices and the last two months the average price has gone up 111 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $535,778 they are 22 % more affordable than the average price for Triangle. The properties with the lowest average price have 2 bedrooms, Their price is 20 % cheaper than the average. After that we have properties with 3 bedrooms priced at $425,326.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $111 / sq.feet, with an average $3,127 / sq.feet price in Triangle. The properties with the lowest average prices have 1 bedroom. They are 95 % cheaper than the average followed by properties with 2 bedrooms with a price at $136 / sq.feet.
The graph displaying the average prices displays the property type "Detached House" as the most affordable one. At an cost of $535,778 it is 27 % cheaper than the average price in Triangle. "Farm" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Farm". At a price of $413,773 it is 22 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $93 / sq.feet followed by "House" priced at $111 / sq.feet. "Detached House" is the cheapest type of property with a $2,171 / sq.feet value followed by "House" with an average price of $111 / sq.feet.
