The prices in real estate in West Mclean, 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 West Mclean has increased strongly during the last 6 months. In January, the average price per sq.feet was $377. In February this price pretty much remained the same at a value of $380 per sq.feet. The price for the following two months in (March, April) had a considerable increment of 287 %. The price per sq.feet has had a considerable increase of 240 % 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 $733 to $1,760 during May, and June.
Based upon to the price in West Mclean (cities), this has gone up in the last 6 months. In our first sample month during January, the average price is $1,783,520. In February This price remains at $1,855,880. In the following two months the average price has remained the same with regard to the previous two months from $1,819,700 to $1,812,678.5. Based on an analysis of the first four prices and the last two months the average price has gone up 111 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,925,851 they are 75 % more affordable than the average price for West Mclean. The properties with the lowest average price have 4 bedrooms, Their price is 39 % cheaper than the average. After that we have properties with 3 bedrooms priced at $901,055.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $380 / sq.feet, with an average $400 / sq.feet price in West Mclean. The properties with the highest average prices have 1 bedroom. They are 29 % more expensive than the average followed by properties with 2 bedrooms with a price at $458 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,925,851 it is 75 % cheaper than the average price in West Mclean. "Commercial" is seen as the second most affordable property type. The dearest property type is "House" followed by "Farm". At a price of $1,075,317 it is 15 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $370 / sq.feet followed by "Condo" priced at $423 / sq.feet. "Commercial" is the most costly type of property with a $10,439 / sq.feet cost followed by "Farm" with an average price of $3,620 / sq.feet.