The prices in real estate in Cloudcroft, in the New Mexico 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 Cloudcroft has had a strong decrease during the last 6 months. In September, the average price per sq.feet was $16,082. In the following month the price per sq.feet increased considerably to $26,777. The price for the following two months in (November, December) had a considerable decrease of 4 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 1 % 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 $11,134.75 to $101.5 during January, and February.
Based upon to the price in Cloudcroft (cities), this has gone up in the last 6 months. The average price for September is $230,580. During October the price had a considerable reduction till $190,967. During the following two months (November, December) the average price had a considerable increase of 120 % 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 gone up 112 % during the last two months.