Property prices for sale in Ferrum (Virginia)

The price per sq.feet in Ferrum has increased during the last 6 months. In November, the average price per sq.feet was $9,617. In the following month the price per sq.feet increased considerably to $35,314. The price for the following two months in (January, February) had a considerable decrease of 38 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 9 % 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 $15,469.25 to $1,350 during March, and April.

Based upon to the price in Ferrum (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $423,657. During December the price went through a considerable rise reaching $1,173,200. During the following two months (January, February) the average price fell 90 % 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 $759,640.25 to $463,975, which means a 61 % fall.