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Homes for sale in Putnam County, West Virginia see a 7% increase in final sales price for November 2011. The communities of Teays Valley, Hurricane and Winfield reaped a median increase of $13,900 in the month of November versus the same period in 2010.
The median price for a 3 bedroom home in Teays Valley, West Virginia sold for $208,900. Thirty-seven homes completed escrow during this month, a gain of three over 2010.
Putnam County consists of three major communities, Teays Valley, Hurricane & Winfield, as well as many smaller ones. The area is largely unincorporated and is the second-fastest growing region in West Virginia.
While once a sleepy farm county, the area has experienced an explosion of growth as a result many Teays Valley houses for sale are new construction. The majority of homes are less than 15 - 20 years old, compared to the Charleston area where they are nearing 80 years or more.
Image: Flickr user jimmywayne.
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The last of the warm autumn days have left and winter is about upon us. If you haven't already, now is the time to prepare your Teays Valley home for the winter season.
I have listed some simple steps you may want to do, before the snow and cold weather sets in, to help protect your largest assest.
and bolts to prevent rust and insure easy removal if the need should arise.
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Mortgage rates for Teays Valley homes are at their lowest in years. According to the Freddie Mac Primary Mortgage Market Survey, the 30 year fixed rate is 3.99% and the 15 year fixed rate is 3.30%.
What does this mean for you if you are interested in buying a Teays Valley house for sale? You can now buy more house for the same amount of money.
For example, a house costing $250,000 would have a monthly payment of $1762.75 on a 15 year fixed rate. That same house just a few years ago when rates were double what they are now, would have cost $2150.38. That is a difference of $387.63 per month.
Spending that extra $387.63 a month, you could now purchase a Teays Valley house for sale listed at $305,000. That is a $55,000 difference.
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Search the MLS for Teays Valley, WV houses & real estate listings for sale.
About the Author: My name is Dale Samples and I am a REALTOR serving the Kanawha Valley. You can Call/Text me: (304) 741-4705.
Image: renjith krishnan / FreeDigitalPhotos.net
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