The prices in real estate in Vinton, 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 Vinton has increased strongly during the last 6 months. In January, the average price per sq.feet was $92. In the following month the price per sq.feet increased considerably to $116. The price for the following two months in (March, April) had a considerable increment of 134 %. The price per sq.feet has had a considerable increase of 125 % 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 $121.75 to $152.5 during May, and June.
Based upon to the price in Vinton (cities), this has fallen considerably in the last 6 months. The price in January is $203,467, rising in February till $225,252. During the following two months (March, April) the average price had a considerable reduction of 78 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $191,160.75 to $150,489, which means a 79 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $150,170 they are 19 % more affordable than the average price for Vinton. The properties with the highest average price have 4 bedrooms, Their price is 476 % more costly than the average. After that we have properties with 3 bedrooms priced at $285,346.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $110 / sq.feet, with an average $158 / sq.feet price in Vinton. The properties with the highest average prices have 4 bedrooms. They are 259 % more expensive than the average followed by properties with 3 bedrooms with a price at $122 / sq.feet.
The graph displaying the average prices displays the property type "Farm" as the most costly one. At an cost of $150,170 it is 44 % more expensive than the average price in Vinton. "House" is seen as the second dearest property type. The dearest property type is "Commercial" followed by "House". At a price of $232,458 it is 64 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $77 / sq.feet followed by "Farm" priced at $78 / sq.feet. "House" is the cheapest type of property with a $115 / sq.feet value followed by "Farm" with an average price of $78 / sq.feet.