The prices in real estate in Nitro, 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 Nitro has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $67. In April this price pretty much remained the same at a value of $66 per sq.feet. The price for the following two months in (May, June) had a considerable decrease of 0 with regard to the prior two months. The price per sq.feet has had a considerable increase of 185 % 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 $33.25 to $61.5 during July, and August.
Based upon to the price in Nitro (cities), this has fallen considerably in the last 6 months. The average price for March is $99,771. During April the price had a considerable reduction till $68,650. During the following two months (May, June) the average price had a considerable reduction of 0 % 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 risen strongly 247 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $116,752 they are 53 % more affordable than the average price for Nitro. The properties with the highest average price have 3 bedrooms, Their price is 43 % more costly than the average. After that we have properties with 2 bedrooms priced at $135,625.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $47 / sq.feet, with an average $67 / sq.feet price in Nitro. The properties with the highest average prices have 3 bedrooms. They are 27 % more expensive than the average followed by properties with 2 bedrooms with a price at $72 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $116,752 it is 21 % cheaper than the average price in Nitro. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "Townhouse" followed by "House". At a price of $91,782 it is 21 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $60 / sq.feet followed by "Townhouse" priced at $676 / sq.feet. "Townhouse" is the most costly type of property with a $676 / sq.feet cost followed by "House" with an average price of $60 / sq.feet.