Property prices for sale in Elk Creek (Virginia)
The prices in real estate in Elk Creek, in the Virginia region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Elk Creek has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $5,729. In the following month the price per sq.feet decreased to $5,375. The price for the following two months in (May, June) had a considerable decrease of 55 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 24 % 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 $4,313 to $1,042.5 during July, and August.
Based upon to the price in Elk Creek (cities), this has fallen considerably in the last 6 months. In our first sample month during March, the average price is $1,819,500. In April This price remains at $1,750,822. During the following two months (May, June) the average price had a considerable reduction of 58 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $1,412,130 to $565,435.5, which means a 40 % fall.
