The prices in real estate in Washington, 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 Washington has had a strong decrease during the last 6 months. In June, the average price per sq.feet was $835. In the following month the price per sq.feet decreased considerably to $341. The price for the following two months in (August, September) had a considerable decrease of 61 with regard to the prior two months. The price per sq.feet has decreased 85 % 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 $474.25 to $404.5 during October, and November.
Based upon to the price in Washington (cities), this has fallen considerably in the last 6 months. The average price for June is $1,365,748. During July the price had a considerable reduction till $653,655. During the following two months (August, September) the average price had a considerable reduction of 82 % 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 106 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $1,109,873 they are 31 % more affordable than the average price for Washington. The properties with the lowest average price have 1 bedroom, Their price is 30 % cheaper than the average. After that we have properties with 3 bedrooms priced at $761,736.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $272 / sq.feet, with an average $439 / sq.feet price in Washington. The properties with the lowest average prices have 1 bedroom. They are 35 % cheaper than the average followed by properties with 3 bedrooms with a price at $272 / sq.feet.
With regard to the average price based upon the property in Washington we can see that the cheapest property type is "House" at a price of $761,736, they are 31 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 31 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $272 / sq.feet. "House" with an average cost of $272 / sq.feet has the lowest price and would be directed at less affluent cities.