The prices in real estate in Buncombe, in the Illinois 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 Buncombe has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $832. In the following month the price per sq.feet decreased considerably to $89. In the following two months the price per sq.feet has increased 114 %, going from $460.5 to $526.5 per sq.feet. The price per sq.feet has had a considerable increase of 120 % 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 $493.5 to $590.5 during March, and April.
Based upon to the price in Buncombe (cities), this has fallen considerably in the last 6 months. The average price for November is $157,000. During December the price had a slight fall till $142,130. In the following two months the average price has remained the same with regard to the previous two months from $149,565 to $144,305.5. During the last two months the average price has had a strong fall compared to the previous four going from $146,935.25 to $101,526, which means a 69 % fall.