The prices in real estate in Vienna, 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 Vienna has had a strong decrease during the last 6 months. In May, the average price per sq.feet was $1,786. In the following month the price per sq.feet decreased considerably to $309. The price for the following two months in (July, August) had a considerable decrease of 29 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 47 % 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 $677.75 to $318.5 during September, and October.
Based upon to the price in Vienna (cities), these have remained the same in the last 6 months. The price in May is $1,240,884, rising in June till $1,345,044. In the following two months the average price has remained the same with regard to the previous two months from $1,292,964 to $1,228,976.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from $1,260,970.25 to $1,177,561 in September and October.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,156,140 they are 72 % more affordable than the average price for Vienna. The properties with the lowest average price have 4 bedrooms, Their price is 17 % cheaper than the average. After that we have properties with 3 bedrooms priced at $780,259.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $331 / sq.feet, with an average $320 / sq.feet price in Vienna. The properties with the highest average prices have 1 bedroom. They are 35 % more expensive than the average followed by properties with 2 bedrooms with a price at $365 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,156,140 it is 64 % cheaper than the average price in Vienna. "Commercial" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $1,036,330 it is 17 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $303 / sq.feet followed by "Condo" priced at $380 / sq.feet. "Townhouse" is the most costly type of property with a $23,672 / sq.feet cost followed by "Commercial" with an average price of $4,451 / sq.feet.