The prices in real estate in Fairfax, in the Iowa 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 Fairfax has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $133. In April this price pretty much remained the same at a value of $132 per sq.feet. The price for the following two months in (May, June) had a considerable decrease of 0 with regard to the prior two months. The price per sq.feet has decreased 91 % 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 $66.25 to $60.5 during July, and August.
Based upon to the price in Fairfax (cities), this has fallen considerably in the last 6 months. In our first sample month during March, the average price is $210,407. In April This price remains at $218,493. During the following two months (May, June) the average price had a considerable reduction of 0 % 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 risen strongly 150 % during the last two months.