Property prices for sale in Gate City (Virginia)
The prices in real estate in Gate City, 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 Gate City has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $494. In the following month the price per sq.feet decreased considerably to $278. The price for the following two months in (December, January) had a considerable decrease of 66 with regard to the prior two months. The price per sq.feet has had a considerable increase of 170 % 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 $319.5 to $544 during February, and March.
Based upon to the price in Gate City (cities), this has gone up considerably in the last 6 months. The price in October is $183,367, rising in November till $206,281. During the following two months (December, January) the average price had a considerable increase of 126 % 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 gone up 109 % during the last two months.
