The prices in real estate in Birchwood, in the Tennessee 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 Birchwood has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $17,657. In the following month the price per sq.feet decreased considerably to $11,318. The price for the following two months in (December, January) had a considerable decrease of 43 with regard to the prior two months. The price per sq.feet has had a considerable increase of 119 % 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 $10,326 to $12,309.5 during February, and March.
Based upon to the price in Birchwood (cities), this has gone up in the last 6 months. The average price during our first sample month during October, is $339,783. During November the price went through a considerable rise reaching $390,891. During the following two months (December, January) the average price had a considerable increase of 116 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $393,831 to $301,224, which means a 76 % fall.