The prices in real estate in Woodford, 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 Woodford has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $262. In the following month the price per sq.feet decreased considerably to $153. The price for the following two months in (December, January) had a considerable decrease of 68 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 83 % 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 $174.75 to $145.5 during February, and March.
Based upon to the price in Woodford (cities), this has fallen considerably in the last 6 months. The average price for October is $543,922. During November the price had a considerable reduction till $390,147. During the following two months (December, January) the average price had a considerable reduction of 58 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $369,338 to $252,507.5, which means a 68 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $245,600 they are 18 % more affordable than the average price for Woodford. The properties with the highest average price have 3 bedrooms, Their price is 69 % more costly than the average. After that we have properties with 2 bedrooms priced at $334,383.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $107 / sq.feet, with an average $142 / sq.feet price in Woodford. The properties with the highest average prices have 2 bedrooms. They are 46 % more expensive than the average followed by properties with 1 bedroom with a price at $186 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $245,600 it is 37 % cheaper than the average price in Woodford. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Apartment". At a price of $154,346 it is 16 % 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 $107 / sq.feet followed by "Apartment" priced at $213 / sq.feet. "Apartment" is the most costly type of property with a $213 / sq.feet cost followed by "House" with an average price of $107 / sq.feet.