The prices in real estate in Philippi, 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 Philippi has increased strongly during the last 6 months. In March, the average price per sq.feet was $100. In the following month the price per sq.feet increased considerably to $415. The price for the following two months in (May, June) had a considerable increment of 259 %. The price per sq.feet has had a considerable deflation of 56 % 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 $462.75 to $259 during July, and August.
Based upon to the price in Philippi (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during March, is $157,735. During April the price went through a considerable rise reaching $261,350. During the following two months (May, June) the average price had a considerable increase of 223 % 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 136 % 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 $442,926 they are 97 % more affordable than the average price for Philippi. The properties with the lowest average price have 4 bedrooms, Their price is 67 % cheaper than the average. After that we have properties with 3 bedrooms priced at $116,161.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $8 / sq.feet, with an average $259 / sq.feet price in Philippi. The properties with the lowest average prices have 4 bedrooms. They are 72 % cheaper than the average followed by properties with 3 bedrooms with a price at $66 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $442,926 it is 73 % cheaper than the average price in Philippi. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "Land" followed by "Townhouse". At a price of $139,799 it is 65 % 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 $56 / sq.feet followed by "House" priced at $60 / sq.feet. "Land" is the most costly type of property with a $298 / sq.feet cost followed by "House" with an average price of $60 / sq.feet.