The prices in real estate in Moorefield, in the West Virginia region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Moorefield has fallen in the last 6 months. In October, the average price per sq.feet was $3,041. In the following month the price per sq.feet decreased considerably to $254. 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 438 % 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 $1,367.5 to $5,988.5 during February, and March.
Based upon to the price in Moorefield (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $226,036. During November the price went through a considerable rise reaching $313,650. During the following two months (December, January) the price has had an average incrementation from $269,843 to $302,224. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 88 %, going from $286,033.5 to $250,451.5 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $268,951 they are 42 % more affordable than the average price for Moorefield. The properties with the lowest average price have 1 bedroom, Their price is 2 % cheaper than the average. After that we have properties with 2 bedrooms priced at $155,334.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $37 / sq.feet, with an average $5,305 / sq.feet price in Moorefield. The properties with the lowest average prices have 1 bedroom. They are 98 % cheaper than the average followed by properties with 2 bedrooms with a price at $37 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $268,951 it is 52 % cheaper than the average price in Moorefield. "House" is seen as the second most affordable property type. The cheapest type property is "Farm" followed by "House". At a price of $155,334 it is 40 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $1 / sq.feet followed by "House" priced at $37 / sq.feet. "Farm" is the cheapest type of property with a $40 / sq.feet value followed by "House" with an average price of $37 / sq.feet.