The prices in real estate in Martinsburg, in the West 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 Martinsburg has increased strongly during the last 6 months. In February, the average price per sq.feet was $112. In March this price pretty much remained the same at a value of $115 per sq.feet. The price for the following two months in (April, May) had a considerable increment of 511 %. The price per sq.feet has had a considerable increase of 186 % 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 $347 to $644.5 during June, and July.
Based upon to the price in Martinsburg (cities), these have remained the same in the last 6 months. In our first sample month during February, the average price is $219,358. In March This price remains at $224,884. In the following two months the average price has remained the same with regard to the previous two months from $222,121 to $217,953. 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 $220,037 and $228,726.5 between June and July.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $229,191 they are 37 % more affordable than the average price for Martinsburg. The properties with the highest average price have 4 bedrooms, Their price is 19 % more costly than the average. After that we have properties with 3 bedrooms priced at $222,496.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $111 / sq.feet, with an average $118 / sq.feet price in Martinsburg. The properties with the highest average prices have 4 bedrooms. They are 27 % more expensive than the average followed by properties with 2 bedrooms with a price at $134 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $229,191 it is 15 % cheaper than the average price in Martinsburg. "Commercial" is seen as the second most affordable property type. The dearest property type is "House" followed by "Commercial". At a price of $196,509 it is 16 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $98 / sq.feet followed by "Commercial" priced at $103 / sq.feet. "House" is the most costly type of property with a $1,451 / sq.feet cost followed by "Commercial" with an average price of $103 / sq.feet.