The prices in real estate in Buffalo Creek, in the Colorado 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 Buffalo Creek has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $420. In November this price pretty much remained the same at a value of $435 per sq.feet. The price for the following two months in (December, January) decreased 88 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 65 % 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 $401 to $262.5 during February, and March.
Based upon to the price in Buffalo Creek (cities), this has gone downing the last 6 months. In our first sample month during October, the average price is $1,208,872. In November This price remains at $1,247,031. In the following two months the average price has remained the same with regard to the previous two months from $1,227,951.5 to $1,217,591. During the last two months the average price has had a strong fall compared to the previous four going from $1,222,771.25 to $1,015,280, which means a 83 % fall.