The average price in the Virginia region has had a strong decrease in recent months. There has been a strong deflation in the prices in this region.
The price per sq.feet in Virginia has risen considerably in the last 6 months. During July, the average price per sq.feet was $212. The following month the price decreased to $188 per sq.feet. The following two months (September, October) went through a considerable deflation of 78 % in the price per sq.feet with regard to the previous two. In the last two months, the price has stayed the same with regard to the average value for the last 4 months going from an average price per sq.feet of $178.25 to $176.5 during November and December.
Based upon to the price in Virginia (region), this has decreased in the last 6 months. In the first month sample July the average price is $409,350. In August the price was the same at $405,282. In the following two months the average price has decreased 82 % compared to the previous two. During the last two months the price has risen 109 % compared to the previous average values going from $370,160 a $404,300 in November and December.
The graph displaying the the average price per number of bedrooms shows that those with 2 bedrooms are the cheapest ones. They are 45 % more affordable than the average price in Virginia followed by those with 1 with an average price of $249,558. The most costly properties have 4 bedrooms. They are 2 % more expensive than the average followed by those properties with 3 bedrooms priced at $316,915.
Based on the average price per sq.feet those properties with 4 bedrooms are the cheapest ones with a price of $159 / sq.feet being $181 / sq.feet the average value within the Virginia region. The properties with the most expensive average price are those with 1 bedroom. These are 71 % more costly than the average followed by those with 2 bedrooms with a price of $179 / sq.feet.
The graph displaying the average price according to the property type shows "Commercial" as the cheapest one. With an average cost of $414,310 it is 6 % more affordable than the average in Virginia. This is followed by "House" with a price of $430,748. The dearest property type is "Condo" and is 56 % more expensive than the average, followed by "Townhouse" with a cost of $548,242.
Based on the average cost per sq.feet the cheapest property type is "House with a an average cost of $165 / sq.feet, followed by "Commercial" with a price of $172 / sq.feet. "Townhouse" with an average price of $3,238 / sq.feet is the most costly type of property followed by "Condo" at a price of $438 / sq.feet.