The prices in real estate in Shanks, 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 Shanks has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $6,922. In the following month the price per sq.feet decreased considerably to $5,779. The price for the following two months in (January, February) had a considerable decrease of 4 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 9 % 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 $3,314.5 to $285.5 during March, and April.
Based upon to the price in Shanks (cities), this has fallen considerably in the last 6 months. The average price for November is $423,360. During December the price had a slight fall till $383,617. During the following two months (January, February) the average price had a considerable reduction of 54 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $310,089.25 to $216,316.5, which means a 70 % fall.