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10-23-2009, 10:49 PM
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Senior Member
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Join Date: Aug 2007
2,129 posts, read 1,302,873 times
Reputation: 769
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My old house in the Berkeley County appreciated at an average pace of 8% per annum starting when built in 1999. We sold it in 2007 for twice what we paid to build. Even with a market correction of 25% (downward) in the period since, the appreciation rate exceeded the rest of state over the same period.
The rest of WV is unique in that areas with declining populations (which are many) will not see appreciable rates for single family homes. Simple laws of supply and demand dictate, so most will be market stable at best, or falling. However if property is transferred with mineral rights, and the commodity market is ripe, it goes for much more than 'market' average, in which you get skewed data which is erroneously applied into the rest of the pot.
That often is overlooked when people simply look at just the 'overall appreciation rates of property' in WV.
Last edited by Threerun; 10-23-2009 at 11:08 PM..
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10-23-2009, 11:31 PM
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American Patriot
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Join Date: Jun 2007
Location: Purgatory
1,160 posts, read 467,673 times
Reputation: 322
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Well, my comment wasn't intended to be negative in terms of actual housing prices, but I dislike seeing rural areas being overrun by hordes of city dwellers. From what I've read in the WV forum, this area is growing rapidly.
I made reference to three Virginia towns (Leesburg etc) that used to be beautiful but started turning urban back in the Sixties. That urbanization was what prompted me to leave northern Virginia in 1969. My wife thinks it's time to return home, though, and I remembered how pristine the Shepherdstown area of the panhandle was when I last saw it. I really would like to be ~ 100 miles from the Balto/Wash area, but it seems like everywhere I look the population densities are really high.
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10-28-2009, 07:41 PM
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Member
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Join Date: Aug 2008
10 posts, read 5,298 times
Reputation: 11
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When searching for your new home/farm in WV, try www.unitedcountry.com. They are a country real estate agency that is all over the state. That is who we used when we moved from MD to WV back in 2003. We went from a hectic life to a tranquil one. When we want to be around lots of people we just head to Parkersburg or Charleston (an hour away from us). Living out here is like going back in time. And about the bears, it is pretty rare to hear of a neighbor seeing one. We are in Calhoun County. |
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10-29-2009, 04:58 AM
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Senior Member
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Join Date: Jun 2007
3,737 posts, read 2,587,164 times
Reputation: 577
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The Newbies coming here are looking at the future.
Buying a land parcel that they never even considered having in Rockville.
Some of that land will be subdivided to pay off their new home, provide land for their kids, or just be an investment.
They are bright, educated and are doing something the majority of our own people are not able to do. They are 'seizing the day.
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11-04-2009, 07:52 AM
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Junior Member
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Join Date: May 2009
5 posts, read 1,538 times
Reputation: 18
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[quote=red.ochre;11165487]I have seen Confederate flags in West Virginia.
I`m originally from western PA and I`ve seen them there, too.
Just want to add that as a transplant to this area, I love it here.
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