The prices in real estate in Virginia Beach, in the Virginia region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Virginia Beach has remained the same in the last 6 months. In April, the average price per sq.feet was $248. In the following month the price per sq.feet increased to $264. The price for the following two months in (June, July) decreased 95 % with regard to the prior two months. The price per sq.feet has increased 109 % 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 $249.5 to $272 during August, and September.
Based upon to the price in Virginia Beach (cities), this has gone up in the last 6 months. The average price during our first sample month during April, is $496,381. During May the price went through a considerable rise reaching $600,461. During the following two months (June, July) the average price fell 91 % 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 $524,797.25 and $537,072.5 between August and September.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $511,226 they are 62 % more affordable than the average price for Virginia Beach. The properties with the lowest average price have 4 bedrooms, Their price is 1 % cheaper than the average. After that we have properties with 3 bedrooms priced at $413,734.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $230 / sq.feet, with an average $271 / sq.feet price in Virginia Beach. The properties with the highest average prices have 1 bedroom. They are 32 % more expensive than the average followed by properties with 3 bedrooms with a price at $245 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $511,226 it is 21 % cheaper than the average price in Virginia Beach. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Duplex". At a price of $671,008 it is 106 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $245 / sq.feet followed by "Detached House" priced at $251 / sq.feet. "Land" is the most costly type of property with a $138,742 / sq.feet cost followed by "Duplex" with an average price of $380 / sq.feet.