The prices in real estate in Creve Coeur, in the Illinois 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 Creve Coeur has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $147. In May this price pretty much remained the same at a value of $144 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $145.5 to $140.5 per sq.feet. The price per sq.feet has had a considerable deflation of 48 % 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 $143 to $68 during August, and September.
Based upon to the price in Creve Coeur (cities), this has fallen considerably in the last 6 months. In our first sample month during April, the average price is $400,983. In May This price remains at $397,142. During the following two months (June, July) the average price fell 95 % 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 $389,065 to $167,350, which means a 43 % fall.