The average price in the Virginia region has had a slight increase in recent months. There has been an inflation in the prices in this region.
The price per sq.feet in Virginia has increased in the last 6 months. During October, the average price per sq.feet was $243. In November the price pretty much stayed the same at $250 per sq.feet. The price per sq.feet for the following two months practically stayed the same, going from $246.5 to $257.5 per sq.feet. In the last two months, the price per sq.feet has increased 107 %. This has been obtained by comparing the price $252 for the first four months of the sample with regard to the previous 4 months and the price $270.5 per sq.feet for the last two months (February, March).
Based upon to the price in Virginia(region), this has increased considerably in the last 6 months. In the first month sample for October the average price is $450,938. During November it went through a strong inflation reaching $598,253 In the following two months the average price didn't change much compared to the previous two going from $524,595.5 to $536,071.5. During the last two months the average price has remained stagnant and has gone from $530,333.5 to $515,453 during February and March.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 42 % more affordable than the average price in Virginia followed by those with 2 with an average price of $373,045. The most costly properties have 4 bedrooms. They are 27 % more expensive than the average followed by those properties with 3 bedrooms priced at $387,146.
Based on the average price per sq.feet those properties with 3 bedrooms are the cheapest ones with a price of $249 / sq.feet being $264 / sq.feet the average value within the Virginia region. The properties with the most expensive average price are those with 1 bedroom. These are 39 % more costly than the average followed by those with 2 bedrooms with a price of $317 / sq.feet.
The graph displaying the average price according to the property type shows "Land" as the cheapest one. With an average cost of $478,064 it is 74 % more affordable than the average in Virginia. This is followed by "Apartment" with a price of $449,326. The dearest property type is "Townhouse" and is 11 % more expensive than the average, followed by "House" with a cost of $516,696.
Based on the average cost per sq.feet the cheapest property type is "Commercial with a an average cost of $156 / sq.feet, followed by "House" with a price of $254 / sq.feet. "Land" with an average price of $1,092 / sq.feet is the most costly type of property followed by "Condo" at a price of $360 / sq.feet.