The prices in real estate in Bluefield, in the West Virginia region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Bluefield has increased strongly during the last 6 months. In October, the average price per sq.feet was $88. In the following month the price per sq.feet increased considerably to $137. The price for the following two months in (December, January) had a considerable increment of 166 %. The price per sq.feet has had a considerable increase of 160 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $149.5 to $238.5 during February, and March.
Based upon to the price in Bluefield (cities), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $132,163. In November This price remains at $137,058. During the following two months (December, January) the average price had a considerable increase of 130 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 118 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $181,525 they are 80 % more affordable than the average price for Bluefield. The properties with the lowest average price have 4 bedrooms, Their price is 12 % cheaper than the average. After that we have properties with 3 bedrooms priced at $133,867.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $42 / sq.feet, with an average $235 / sq.feet price in Bluefield. The properties with the lowest average prices have 3 bedrooms. They are 67 % cheaper than the average followed by properties with 2 bedrooms with a price at $66 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $181,525 it is 47 % cheaper than the average price in Bluefield. "" is seen as the second most affordable property type. The cheapest type property is "House" followed by "". At a price of $116,257 it is 36 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $61 / sq.feet followed by "House" priced at $64 / sq.feet. "House" is the cheapest type of property with a $64 / sq.feet value followed by "Condo" with an average price of $61 / sq.feet.