The prices in real estate in Lamesa, 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 Lamesa has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $390. In the following month the price per sq.feet decreased considerably to $97. The price for the following two months in (January, February) had a considerable increment of 116 %. The price per sq.feet has decreased 88 % 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 $262.75 to $232.5 during March, and April.
Based upon to the price in Lamesa (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is $213,094. In December This price remains at $210,204. In the following two months the average price has remained the same with regard to the previous two months from $211,649 to $217,311. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 92 %, going from $214,480 to $198,341 in March and April.