The prices in real estate in Vansant, 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 Vansant has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $935. In the following month the price per sq.feet decreased considerably to $107. The price for the following two months in (December, January) had a considerable decrease of 16 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 30 % 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 $303 to $92 during February, and March.
Based upon to the price in Vansant (cities), these have remained the same in the last 6 months. The average price during our first sample month during October, is $143,644. During November the price went through a considerable rise reaching $167,940. During the following two months (December, January) the average price fell 89 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 91 %, going from $147,466 to $134,325 in February and March.