The prices in real estate in Nitro, 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 Nitro has increased strongly during the last 6 months. In January, the average price per sq.feet was . In the following month the price per sq.feet increased considerably to . The price for the following two months in (March, April) had a considerable increment of 2147483647 %. The price per sq.feet has had a considerable increase of 5319 % 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 $31.5 to $1,675.5 during May, and June.
Based upon to the price in Nitro (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during January, is . During February the price went through a considerable rise reaching . During the following two months (March, April) the average price had a considerable increase of 2147483647 % 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 2415 % 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 $4,048,167 they are 99 % more affordable than the average price for Nitro. The properties with the lowest average price have 3 bedrooms, Their price is 96 % cheaper than the average. After that we have properties with 2 bedrooms priced at $164,672.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $42 / sq.feet, with an average $3,293 / sq.feet price in Nitro. The properties with the lowest average prices have 2 bedrooms. They are 98 % cheaper than the average followed by properties with 3 bedrooms with a price at $74 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $4,048,167 it is 98 % 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 $91,046 it is 98 % 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 $52 / sq.feet followed by "Townhouse" priced at $668 / sq.feet. "Townhouse" is the cheapest type of property with a $668 / sq.feet value followed by "House" with an average price of $52 / sq.feet.