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 January, the average price per sq.feet was $113. In February this price pretty much remained the same at a value of $114 per sq.feet. In the following two months the price per sq.feet has increased 106 %, going from $113.5 to $120 per sq.feet. The price per sq.feet has had a considerable deflation of 64 % 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 $116.75 to $74.5 during May, and June.
Based upon to the price in Moorefield (cities), this has fallen considerably in the last 6 months. The average price for January is $256,953. During February the price had a slight fall till $240,888. During the following two months (March, April) the price has had an average incrementation from $248,920.5 to $264,431.5. During the last two months the average price has had a strong fall compared to the previous four going from $256,676 to $133,283.5, which means a 52 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $266,567 they are 40 % more affordable than the average price for Moorefield. The properties with the highest average price have 1 bedroom, Their price is 1 % more costly than the average. After that we have properties with 2 bedrooms priced at $158,643.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $58 / sq.feet, with an average $149 / sq.feet price in Moorefield. The properties with the lowest average prices have 1 bedroom. They are 8 % cheaper than the average followed by properties with 2 bedrooms with a price at $58 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $266,567 it is 50 % 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 $158,643 it is 38 % 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 $22 / sq.feet followed by "House" priced at $58 / sq.feet. "Farm" is the cheapest type of property with a $61 / sq.feet value followed by "House" with an average price of $58 / sq.feet.