The prices in real estate in Virginia Beach, in the Virginia region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Virginia Beach has fallen in the last 6 months. In October, the average price per sq.feet was $269. In the following month the price per sq.feet decreased considerably to $226. In the following two months the price per sq.feet has barely changed, going from $247.5 to $240.5 per sq.feet. The price per sq.feet has increased 105 % 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 $244 to $256.5 during February, and March.
Based upon to the price in Virginia Beach (cities), this has gone downing the last 6 months. The average price for October is $517,487. During November the price had a considerable reduction till $435,242. During the following two months (December, January) the average price fell 95 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 108 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $503,293 they are 47 % more affordable than the average price for Virginia Beach. The properties with the highest average price have 4 bedrooms, Their price is 17 % more costly than the average. After that we have properties with 3 bedrooms priced at $392,729.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $227 / sq.feet, with an average $256 / sq.feet price in Virginia Beach. The properties with the highest average prices have 1 bedroom. They are 66 % more expensive than the average followed by properties with 4 bedrooms with a price at $261 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $503,293 it is 28 % cheaper than the average price in Virginia Beach. "Condo" is seen as the second most affordable property type. The dearest property type is "Land" followed by "House". At a price of $492,024 it is 52 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $195 / sq.feet followed by "Townhouse" priced at $218 / sq.feet. "Land" is the most costly type of property with a $175,513 / sq.feet cost followed by "House" with an average price of $248 / sq.feet.