The prices in real estate in Chappells, in the South 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 Chappells has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $104,750. In the following month the price per sq.feet decreased considerably to $27,391. The price for the following two months in (January, February) had a considerable increment of 119 %. The price per sq.feet has decreased 95 % 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 $72,438 to $68,676.5 during March, and April.
Based upon to the price in Chappells (cities), this has fallen considerably in the last 6 months. The average price for November is $519,313. During December the price had a slight fall till $442,000. During the following two months (January, February) the average price had a considerable reduction of 82 % 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 $436,856 to $190,937.5, which means a 44 % fall.