The prices in real estate in Timberville, in the 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 Timberville has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $336. In the following month the price per sq.feet decreased considerably to $199. The price for the following two months in (December, January) had a considerable decrease of 71 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 85 % 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 $229 to $194.5 during February, and March.
Based upon to the price in Timberville (cities), this has gone up in the last 6 months. In our first sample month during October, the average price is $296,572. In November This price remains at $283,694. During the following two months (December, January) the price has had an average incrementation from $290,133 to $331,745. Based on an analysis of the first four prices and the last two months the average price has risen strongly 119 % during the last two months.