The average price in the Virginia region has had an strong increase in recent months. There has been a strong inflation in the prices in this region.
The price per sq.feet in Virginia has increased strongly in the last 6 months. During February, the average price per sq.feet was $175. The following month (March) the price increased to $195 per sq.feet. In the following two months (April, May) the price per sq.feet has risen strongly to a 498 %. In the last two months, the price per sq.feet has had a significant increase of 133 %. This has been obtained by comparing the price of $552.75 for the first four months of the sample with regard to the previous 4 months and the price of $734 per sq.feet for the last two months (June, July).
Based upon to the price in Virginia(region), this has increased considerably in the last 6 months. The average price in February is $402,288. In March the price increased to $435,697. The price in the following months (April, May) had a strong increment of 121 % going from $418,992.5 to $504,995. During the last two months the price has risen 107 % compared to the previous average values going from $461,993.75 a $492,032.5 in June and July.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 59 % more affordable than the average price in Virginia followed by those with 2 with an average price of $267,813. The most costly properties have 4 bedrooms. They are 19 % more expensive than the average followed by those properties with 3 bedrooms priced at $366,052.
Based on the average price per sq.feet those properties with 3 bedrooms are the cheapest ones with a price of $171 / sq.feet being $191 / sq.feet the average value within the Virginia region. The properties with the most expensive average price are those with 4 bedrooms. These are 238 % more costly than the average followed by those with 1 bedroom with a price of $182 / sq.feet.
The graph displaying the average price according to the property type shows "Land" as the cheapest one. With an average cost of $453,701 it is 76 % more affordable than the average in Virginia. This is followed by "Commercial" with a price of $386,628. The dearest property type is "Condo" and is 23 % more expensive than the average, followed by "House" with a cost of $511,137.
Based on the average cost per sq.feet the cheapest property type is "Commercial with a an average cost of $165 / sq.feet, followed by "Condo" with a price of $424 / sq.feet. "Townhouse" with an average price of $11,494 / sq.feet is the most costly type of property followed by "House" at a price of $2,454 / sq.feet.