The prices in real estate in Beech Grove, in the Indiana 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 Beech Grove has had a strong decrease during the last 6 months. In December, the average price per sq.feet was $82. In January this price pretty much remained the same at a value of $78 per sq.feet. In the following two months the price per sq.feet has increased 105 %, going from $80 to $84 per sq.feet. The price per sq.feet has had a considerable deflation of 51 % 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 $82 to $42 during April, and May.
Based upon to the price in Beech Grove (cities), this has fallen considerably in the last 6 months. In our first sample month during December, the average price is $139,083. In January This price remains at $133,828. In the following two months the average price has remained the same with regard to the previous two months from $136,455.5 to $137,315. During the last two months the average price has had a strong fall compared to the previous four going from $136,885.25 to $69,068.5, which means a 50 % fall.