The prices in real estate in Cottontown, in the Tennessee 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 Cottontown has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $2,523. In the following month the price per sq.feet decreased considerably to $1,147. The price for the following two months in (January, February) had a considerable decrease of 67 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 60 % 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 $1,532 to $917.5 during March, and April.
Based upon to the price in Cottontown (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is $723,601. In December This price remains at $723,461. During the following two months (January, February) the average price fell 91 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $692,529.75 and $710,101 between March and April.