The prices in real estate in Wytheville, in the Virginia region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Wytheville has increased strongly during the last 6 months. In October, the average price per sq.feet was $613. In November this price pretty much remained the same at a value of $583 per sq.feet. The price for the following two months in (December, January) had a considerable decrease of 69 with regard to the prior two months. The price per sq.feet has had a considerable increase of 898 % 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 $506.5 to $4,546 during February, and March.
Based upon to the price in Wytheville (cities), this has gone up considerably in the last 6 months. The average price for October is $509,848. During November the price had a considerable reduction till $270,972. During the following two months (December, January) the average price had a considerable increase of 257 % 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 $696,517.5 to $413,474, which means a 59 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $363,057 they are 72 % more affordable than the average price for Wytheville. The properties with the lowest average price have 4 bedrooms, Their price is 38 % cheaper than the average. After that we have properties with 3 bedrooms priced at $166,902.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $94 / sq.feet, with an average $6,926 / sq.feet price in Wytheville. The properties with the lowest average prices have 1 bedroom. They are 86 % cheaper than the average followed by properties with 4 bedrooms with a price at $455 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $363,057 it is 55 % cheaper than the average price in Wytheville. "Farm" is seen as the second most affordable property type. The cheapest type property is "Commercial" followed by "Farm". At a price of $181,551 it is 47 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $63 / sq.feet followed by "Farm" priced at $2,012 / sq.feet. "House" is the cheapest type of property with a $6,000 / sq.feet value followed by "Farm" with an average price of $2,012 / sq.feet.