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 December, the average price per sq.feet was $152. In the following month the price per sq.feet decreased considerably to $126. The price for the following two months in (February, March) had a considerable increment of 124 %. The price per sq.feet has had a considerable increase of 529 % 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 $156 to $826 during April, and May.
Based upon to the price in Wytheville (cities), these have remained the same in the last 6 months. The price in December is $174,665, rising in January till $190,649. In the following two months the average price has remained the same with regard to the previous two months from $182,657 to $187,639. During the last two months the average price has had a strong fall compared to the previous four going from $185,148 to $148,546, which means a 80 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $147,500 they are 31 % more affordable than the average price for Wytheville. The properties with the highest average price have 4 bedrooms, Their price is 55 % more costly than the average. After that we have properties with 3 bedrooms priced at $168,586.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $104 / sq.feet, with an average $856 / sq.feet price in Wytheville. The properties with the highest average prices have 1 bedroom. They are 14 % more expensive than the average followed by properties with 4 bedrooms with a price at $465 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most costly one. At an cost of $147,500 it is 11 % more expensive than the average price in Wytheville. "Farm" is seen as the second dearest property type. The dearest property type is "Commercial" followed by "Farm". At a price of $183,382 it is 32 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $73 / sq.feet followed by "Farm" priced at $2,042 / sq.feet. "House" is the most costly type of property with a $6,070 / sq.feet cost followed by "Farm" with an average price of $2,042 / sq.feet.