The prices in real estate in Huntington, in the West 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 Huntington has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $1,231. In the following month the price per sq.feet increased to $1,399. The price for the following two months in (January, February) had a considerable decrease of 84 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 61 % 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 $1,209 to $743 during March, and April.
Based upon to the price in Huntington (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is $153,416. In December This price remains at $151,926. In the following two months the average price has remained the same with regard to the previous two months from $152,671 to $158,494.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $155,582.75 and $163,124.5 between March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $174,068 they are 52 % more affordable than the average price for Huntington. The properties with the highest average price have 4 bedrooms, Their price is 33 % more costly than the average. After that we have properties with 1 bedroom priced at $189,933.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $57 / sq.feet, with an average $623 / sq.feet price in Huntington. The properties with the highest average prices have 1 bedroom. They are 126 % more expensive than the average followed by properties with 4 bedrooms with a price at $361 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $174,068 it is 61 % cheaper than the average price in Huntington. "Condo" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Duplex". At a price of $131,718 it is 3 % 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 $64 / sq.feet followed by "Duplex" priced at $352 / sq.feet. "Land" is the most costly type of property with a $991 / sq.feet cost followed by "House" with an average price of $433 / sq.feet.