The prices in real estate in Hobgood, 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 Hobgood has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $22,562. In the following month the price per sq.feet decreased considerably to $17,304. The price for the following two months in (January, February) had a considerable decrease of 9 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 31 % 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 $10,833.5 to $3,358 during March, and April.
Based upon to the price in Hobgood (cities), this has fallen considerably in the last 6 months. The average price during our first sample month during November, is $142,166. During December the price went through a considerable rise reaching $172,100. During the following two months (January, February) the average price had a considerable reduction of 83 % 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 $143,929 to $72,150, which means a 50 % fall.