The prices in real estate in Summit Point, 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 Summit Point has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $296. In November this price pretty much remained the same at a value of $285 per sq.feet. In the following two months the price per sq.feet has increased 106 %, going from $290.5 to $309 per sq.feet. The price per sq.feet has had a considerable deflation of 44 % 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 $299.75 to $131.5 during February, and March.
Based upon to the price in Summit Point (cities), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $425,245. In November This price remains at $424,400. In the following two months the average price has remained the same with regard to the previous two months from $424,822.5 to $439,110. During the last two months the average price has had a strong fall compared to the previous four going from $431,966.25 to $163,283.5, which means a 38 % fall.