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 April, the average price per sq.feet was $246. The following month (May) the price had a considerable increase reaching $415 per sq.feet. In the following two months (June, July) the price per sq.feet has risen strongly to a 116 %. In the last two months, the price per sq.feet has decreased 89 %. This has been obtained by comparing the price $356.5 for the first four months of the sample with regard to the previous 4 months and the price $317.5 per sq.feet for the last two months (August, September).
Based upon to the price in Washington(region), this has increased considerably in the last 6 months. The average price in April is $503,379. In May the price increased to $529,490. The price in the following months (June, July) had a strong increment of 132 % going from $516,434.5 to $684,148. During the last two months the average price has remained stagnant and has gone from $600,291.25 to $601,818 during August and September.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 36 % more affordable than the average price in Washington followed by those with 2 with an average price of $473,574. The most costly properties have 4 bedrooms. They are 30 % more expensive than the average followed by those properties with 3 bedrooms priced at $532,756.
Based on the average price per sq.feet those properties with 3 bedrooms are the cheapest ones with a price of $251 / sq.feet being $308 / sq.feet the average value within the Washington region. The properties with the most expensive average price are those with 1 bedroom. These are 43 % more costly than the average followed by those with 4 bedrooms with a price of $340 / sq.feet.
The graph displaying the average price according to the property type shows "Land" as the cheapest one. With an average cost of $592,812 it is 79 % more affordable than the average in Washington. This is followed by "Office" with a price of $395,160. The dearest property type is "Townhouse" and is 10 % more expensive than the average, followed by "House" with a cost of $606,889.
Based on the average cost per sq.feet the cheapest property type is "Office with a an average cost of $210 / sq.feet, followed by "House" with a price of $292 / sq.feet. "Commercial" with an average price of $18,706 / sq.feet is the most costly type of property followed by "Land" at a price of $494 / sq.feet.