The prices in real estate in East Machias, in the Maine region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in East Machias has increased strongly during the last 6 months. In November, the average price per sq.feet was $125. In the following month the price per sq.feet decreased to $107. The price for the following two months in (January, February) had a considerable increment of 901 %. The price per sq.feet has had a considerable increase of 292 % 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 $580.5 to $1,696 during March, and April.
Based upon to the price in East Machias (cities), this has fallen considerably in the last 6 months. The average price for November is $281,583. During December the price had a considerable reduction till $170,571. During the following two months (January, February) the average price fell 92 % 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 $217,056.5 to $177,711, which means a 82 % fall.