The prices in real estate in Cedar Mountain, 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 Cedar Mountain has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $33,673. In the following month the price per sq.feet decreased considerably to $9,845. The price for the following two months in (December, January) had a considerable decrease of 75 with regard to the prior two months. The price per sq.feet has had a considerable increase of 218 % 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 $19,049.5 to $41,434.5 during February, and March.
Based upon to the price in Cedar Mountain (cities), this has gone downing the last 6 months. In our first sample month during October, the average price is $838,500. In November This price remains at $871,111. During the following two months (December, January) the price has had an average incrementation from $854,805.5 to $903,833.5. During the last two months the average price has had a strong fall compared to the previous four going from $879,319.5 to $541,921.5, which means a 62 % fall.