The prices in real estate in Kendalia, in the Texas 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 Kendalia has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $27,074. In the following month the price per sq.feet decreased considerably to $8,944. The price for the following two months in (January, February) had a considerable decrease of 24 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 63 % 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 $11,189 to $7,092 during March, and April.
Based upon to the price in Kendalia (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $1,922,724. During December the price went through a considerable rise reaching $2,540,361. During the following two months (January, February) the price has had an average incrementation from $2,231,542.5 to $2,485,644. During the last two months the average price has had a strong fall compared to the previous four going from $2,358,593.25 to $1,974,459.5, which means a 84 % fall.