The prices in real estate in Grafton, in the Vermont 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 Grafton has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $177. In August this price pretty much remained the same at a value of $169 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $173 to $178.5 per sq.feet. The price per sq.feet has had a considerable deflation of 50 % 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 $175.75 to $88.5 during November, and December.
Based upon to the price in Grafton (cities), this has fallen considerably in the last 6 months. The average price for July is $564,162. During August the price had a considerable reduction till $424,721. During the following two months (September, October) the average price fell 89 % 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 $466,558.25 to $261,333.5, which means a 56 % fall.