Property prices for sale in Ararat (Virginia)
The prices in real estate in Ararat, in the Virginia region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Ararat has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $2,874. In the following month the price per sq.feet decreased considerably to $280. In the following two months the price per sq.feet has increased 112 %, going from $1,577 to $1,764.5 per sq.feet. The price per sq.feet has had a considerable deflation of 69 % 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 $1,670.75 to $1,157 during March, and April.
Based upon to the price in Ararat (cities), this has fallen considerably in the last 6 months. The average price for November is $581,560. During December the price had a considerable reduction till $444,711. During the following two months (January, February) the price has had an average incrementation from $513,135.5 to $574,953. During the last two months the average price has had a strong fall compared to the previous four going from $544,044.25 to $383,453.5, which means a 70 % fall.
