The average price in the Washington 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 Washington has risen considerably in the last 6 months. During October, the average price per sq.feet was $432. The following month (November) the price had a considerable deflation reaching $341 per sq.feet. The following two months (December, January) there has been a deflation of 89 % 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 $364.5 to $380.5 during February and March.
Based upon to the price in Washington (region), this has decreased in the last 6 months. October has an average price of $763,648. During November the price had a strong deflation till $637,804. In the following two months the average price didn't change much compared to the previous two going from $700,726 to $665,787. During the last two months the average price has remained stagnant and has gone from $683,256.5 to $671,083.5 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 41 % more affordable than the average price in Washington followed by those with 2 with an average price of $478,761. The most costly properties have 4 bedrooms. They are 30 % more expensive than the average followed by those properties with 3 bedrooms priced at $588,647.
Based on the average price per sq.feet those properties with 3 bedrooms are the cheapest ones with a price of $318 / sq.feet being $379 / sq.feet the average value within the Washington region. The properties with the most expensive average price are those with 1 bedroom. These are 44 % more costly than the average followed by those with 4 bedrooms with a price of $522 / sq.feet.
The graph displaying the average price according to the property type shows "Land" as the cheapest one. With an average cost of $661,841 it is 61 % more affordable than the average in Washington. This is followed by "Condo" with a price of $528,742. The cheapest property type is "House" and is 1 % more affordable than the average, followed by "Townhouse" with a cost of $626,093.
Based on the average cost per sq.feet the cheapest property type is "Commercial with a an average cost of $175 / sq.feet, followed by "House" with a price of $349 / sq.feet. "Land" with an average price of $1,984 / sq.feet is the most costly type of property followed by "Apartment" at a price of $509 / sq.feet.