The average price in the West Virginia region has had a strong decrease in recent months. There has been a strong deflation in the prices in this region.
The price per sq.feet in West Virginia has risen considerably in the last 6 months. During July, the average price per sq.feet was $152. The following month (August) the price had a considerable deflation reaching $111 per sq.feet. The following two months (September, October) went through a considerable deflation of 82 % in the price per sq.feet with regard to the previous two. In the last two months, the price per sq.feet has had a significant decrease of 85 %. This has been obtained by comparing the price of $119.75 for the first four months of the sample with regard to the previous 4 months and the price of $101.5 per sq.feet for the last two months (November, December).
Based upon to the price in West Virginia(region), this has increased considerably in the last 6 months. In the first month sample for July the average price is $165,700. During August it went through a strong inflation reaching $213,096 The average price for the following two months (September, October) increased from $189,398 to $215,936. During the last two months the average price has remained stagnant and has gone from $202,667 to $212,573 during November and December.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 49 % more affordable than the average price in West Virginia followed by those with 2 with an average price of $116,760. The most costly properties have 4 bedrooms. They are 45 % more expensive than the average followed by those properties with 3 bedrooms priced at $175,799.
Based on the average price per sq.feet those properties with 3 bedrooms are the cheapest ones with a price of $99 / sq.feet being $101 / sq.feet the average value within the West Virginia region. The properties with the most expensive average price are those with 1 bedroom. These are 27 % more costly than the average followed by those with 4 bedrooms with a price of $108 / sq.feet.
The graph displaying the average price according to the property type shows "Condo" as the cheapest one. With an average cost of $211,220 it is 12 % more affordable than the average in West Virginia. This is followed by "Commercial" with a price of $189,344. The dearest property type is "House" and is 15 % more expensive than the average, followed by "Commercial" with a cost of $189,344.
Based on the average cost per sq.feet the cheapest property type is "Commercial with a an average cost of $100 / sq.feet, followed by "Condo" with a price of $107 / sq.feet. "House" with an average price of $108 / sq.feet is the most costly type of property followed by "Condo" at a price of $107 / sq.feet.