The prices in real estate in Snowshoe, 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 Snowshoe has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $1,316,079. In the following month the price per sq.feet increased considerably to $1,538,300. The price for the following two months in (January, February) had a considerable decrease of 63 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 45 % 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 $1,164,871.75 to $527,261 during March, and April.
Based upon to the price in Snowshoe (cities), this has fallen considerably in the last 6 months. The price in November is $1,409,750, rising in December till $1,538,300. During the following two months (January, February) the average price had a considerable reduction of 68 % 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 $1,238,090.75 to $692,387.5, which means a 56 % fall.