The average price in the Washington 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 Washington has increased strongly in the last 6 months. During March, the average price per sq.feet was $294. The following month (April) the price increased to $337 per sq.feet. The price per sq.feet for the following two months practically stayed the same, going from $315.5 to $314 per sq.feet. In the last two months, the price per sq.feet has had a significant increase of 124 %. This has been obtained by comparing the price of $314.75 for the first four months of the sample with regard to the previous 4 months and the price of $390.5 per sq.feet for the last two months (July, August).
Based upon to the price in Washington(region), this has increased in the last 6 months. In the first month sample for March the average price is $613,251. During April it went through a strong inflation reaching $746,260 The average price for the following two months (May, June) decreased 95 % compared to the prior two. During the last two months the price has risen 111 % compared to the previous average values going from $662,249.5 a $734,821 in July and August.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 47 % more affordable than the average price in Washington followed by those with 2 with an average price of $477,105. The most costly properties have 4 bedrooms. They are 17 % more expensive than the average followed by those properties with 3 bedrooms priced at $665,548.
Based on the average price per sq.feet those properties with 3 bedrooms are the cheapest ones with a price of $350 / sq.feet being $418 / sq.feet the average value within the Washington region. The properties with the most expensive average price are those with 1 bedroom. These are 26 % more costly than the average followed by those with 2 bedrooms with a price of $398 / sq.feet.
The graph displaying the average price according to the property type shows "Land" as the cheapest one. With an average cost of $748,155 it is 73 % more affordable than the average in Washington. This is followed by "Apartment" with a price of $517,878. The dearest property type is "Commercial" and is 24 % more expensive than the average, followed by "House" with a cost of $737,862.
Based on the average cost per sq.feet the cheapest property type is "Commercial with a an average cost of $276 / sq.feet, followed by "Apartment" with a price of $334 / sq.feet. "Land" with an average price of $1,710 / sq.feet is the most costly type of property followed by "Condo" at a price of $540 / sq.feet.