The prices in real estate in Castle Hayne, in the North Carolina 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 Castle Hayne has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $154. In the following month the price per sq.feet decreased to $145. In the following two months the price per sq.feet has increased 109 %, going from $149.5 to $162.5 per sq.feet. The price per sq.feet has had a considerable deflation of 44 % 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 $156 to $68.5 during July, and August.
Based upon to the price in Castle Hayne (cities), this has fallen considerably in the last 6 months. The price in March is $292,386, rising in April till $321,374. During the following two months (May, June) the average price had a considerable reduction of 84 % 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 $282,057.5 to $118,521, which means a 42 % fall.