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 June, the average price per sq.feet was $1,277. The following month (July) the price had a considerable deflation reaching $191 per sq.feet. The following two months (August, September) went through a considerable deflation of 27 % in the price per sq.feet with regard to the previous two. In the last two months, the price per sq.feet has had a significant decrease of 50 %. This has been obtained by comparing the price of $467.5 for the first four months of the sample with regard to the previous 4 months and the price of $234 per sq.feet for the last two months (October, November).
Based upon to the price in Virginia (region), this has decreased in the last 6 months. June has an average price of $530,364. During July the price had a slight deflation till $453,701. In the following two months the average price has decreased 84 % compared to the previous two. During the last two months the price has had a considerable increase of 117 % with respect to the previous four months going from $452,634.25 a $529,311.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 50 % more affordable than the average price in Virginia followed by those with 2 with an average price of $371,751. The most costly properties have 4 bedrooms. They are 3 % more expensive than the average followed by those properties with 3 bedrooms priced at $401,711.
Based on the average price per sq.feet those properties with 3 bedrooms are the cheapest ones with a price of $204 / sq.feet being $241 / sq.feet the average value within the Virginia region. The properties with the most expensive average price are those with 1 bedroom. These are 59 % more costly than the average followed by those with 2 bedrooms with a price of $319 / sq.feet.
The graph displaying the average price according to the property type shows "Commercial" as the cheapest one. With an average cost of $575,290 it is 33 % more affordable than the average in Virginia. This is followed by "Condo" with a price of $422,308. The dearest property type is "House" and is 36 % more expensive than the average, followed by "Land" with a cost of $744,165.
Based on the average cost per sq.feet the cheapest property type is "Commercial with a an average cost of $161 / sq.feet, followed by "House" with a price of $226 / sq.feet. "Land" with an average price of $388 / sq.feet is the most costly type of property followed by "Condo" at a price of $387 / sq.feet.