The prices in real estate in Granite Quarry, in the North Carolina 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 Granite Quarry has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $164. In the following month the price per sq.feet increased to $183. The price for the following two months in (December, January) had a considerable decrease of 44 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 51 % 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 $125.25 to $64.5 during February, and March.
Based upon to the price in Granite Quarry (cities), this has fallen considerably in the last 6 months. The average price for October is $286,179. During November the price had a slight fall till $268,283. During the following two months (December, January) the average price had a considerable reduction of 68 % 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 $232,221 to $125,000, which means a 54 % fall.