The prices in real estate in Ridgeley, 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 Ridgeley has had a strong decrease during the last 6 months. In August, the average price per sq.feet was $87. In September this price pretty much remained the same at a value of $83 per sq.feet. The price for the following two months in (October, November) decreased 91 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 73 % 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 $81.25 to $59.5 during December, and January.
Based upon to the price in Ridgeley (cities), these have remained the same in the last 6 months. The average price during our first sample month during August, is $171,179. During September the price went through a considerable rise reaching $206,469. In the following two months the average price has remained the same with regard to the previous two months from $188,824 to $179,647.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 86 %, going from $184,235.75 to $157,698.5 in December and January.
The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 20 % cheaper than the average price of $189,666 in Ridgeley. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 20 % more affordable than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 22 % more costly than the average price of ($93 / sq.feet) in Ridgeley. Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 22 % more costly than the average value aforementioned.
With regard to the average price based upon the property in Ridgeley we can see that the cheapest property type is "Detached House" at a price of $189,666, they are 20 % more affordable than the average price of (!PRECIO2!). "Detached House" has the lowest price. This price is 20 % more affordable than the average price aforementioned.
According to the average area price by sq.feet the most costly property type is "Detached House with an average price of $93 / sq.feet. "Detached House" at an average price of $93 / sq.feet has the most expensive price and would be directed at more affluent cities.