The prices in real estate in Bamberg, in the South Carolina 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 Bamberg has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $70. In the following month the price per sq.feet decreased to $62. In the following two months the price per sq.feet has barely changed, going from $66 to $64.5 per sq.feet. The price per sq.feet has had a considerable deflation of 39 % 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 $65.25 to $25.5 during November, and December.
Based upon to the price in Bamberg (cities), this has fallen considerably in the last 6 months. The average price for July is $123,580. During August the price had a slight fall till $116,476. In the following two months the average price has remained the same with regard to the previous two months from $120,028 to $116,281.5. During the last two months the average price has had a strong fall compared to the previous four going from $118,154.75 to $48,091.5, which means a 41 % fall.