The prices in real estate in Philippi, 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 Philippi has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $259. In August this price pretty much remained the same at a value of $259 per sq.feet. The price for the following two months in (September, October) decreased 90 % with regard to the prior two months. 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 $246.5 to $137 during November, and December.
Based upon to the price in Philippi (cities), this has fallen considerably in the last 6 months. The average price for July is $478,676. During August the price had a slight fall till $442,926. During the following two months (September, October) the price has had an average incrementation from $460,801 to $499,918.5. During the last two months the average price has had a strong fall compared to the previous four going from $480,359.75 to $277,524, which means a 58 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $81,475 they are 83 % more affordable than the average price for Philippi. The properties with the highest average price have 4 bedrooms, Their price is 76 % more costly than the average. After that we have properties with 3 bedrooms priced at $115,695.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $4 / sq.feet, with an average $55 / sq.feet price in Philippi. The properties with the highest average prices have 4 bedrooms. They are 25 % more expensive than the average followed by properties with 3 bedrooms with a price at $62 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most costly one. At an cost of $81,475 it is 47 % more expensive than the average price in Philippi. "Townhouse" is seen as the second dearest property type. The dearest property type is "Land" followed by "Townhouse". At a price of $139,239 it is 91 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $52 / sq.feet followed by "House" priced at $56 / sq.feet. "Land" is the most costly type of property with a $294 / sq.feet cost followed by "House" with an average price of $56 / sq.feet.