The prices in real estate in Elk Creek, in the 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 Elk Creek has increased strongly during the last 6 months. In October, the average price per sq.feet was $983. In the following month the price per sq.feet increased considerably to $3,488. The price for the following two months in (December, January) had a considerable increment of 524 %. The price per sq.feet has had a considerable deflation of 59 % 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 $6,977.75 to $4,095.5 during February, and March.
Based upon to the price in Elk Creek (cities), this has gone up considerably in the last 6 months. The average price for October is $407,036. During November the price had a slight fall till $361,975. During the following two months (December, January) the average price had a considerable increase of 205 % 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 213 % during the last two months.