The prices in real estate in West Mclean, 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 West Mclean has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $1,797. In the following month the price per sq.feet increased considerably to $3,120. The price for the following two months in (June, July) had a considerable decrease of 16 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 28 % 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 $1,425 to $399.5 during August, and September.
Based upon to the price in West Mclean (cities), these have remained the same in the last 6 months. The price in April is $1,902,666, rising in May till $2,093,839. During the following two months (June, July) the average price fell 92 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 87 %, going from $1,919,342.5 to $1,666,567 in 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 $1,641,973 they are 79 % more affordable than the average price for West Mclean. The properties with the lowest average price have 4 bedrooms, Their price is 32 % cheaper than the average. After that we have properties with 3 bedrooms priced at $1,091,563.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $314 / sq.feet, with an average $414 / sq.feet price in West Mclean. The properties with the highest average prices have 2 bedrooms. They are 29 % more expensive than the average followed by properties with 3 bedrooms with a price at $476 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,641,973 it is 55 % cheaper than the average price in West Mclean. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Farm". At a price of $1,072,092 it is 20 % 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 $372 / sq.feet followed by "Condo" priced at $530 / sq.feet. "Townhouse" is the most costly type of property with a $18,855 / sq.feet cost followed by "Commercial" with an average price of $10,406 / sq.feet.