The prices in real estate in Canehill, in the Arkansas 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 Canehill has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $7,120. In December this price pretty much remained the same at a value of $7,118 per sq.feet. The price for the following two months in (January, February) had a considerable decrease of 64 with regard to the prior two months. The price per sq.feet has decreased 94 % 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 $5,839.5 to $5,468.5 during March, and April.
Based upon to the price in Canehill (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is $437,997. In December This price remains at $434,997. During the following two months (January, February) the average price had a considerable reduction of 52 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 180 % during the last two months.