The prices in real estate in Lancaster, in the California 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 Lancaster has had a strong decrease during the last 6 months. In May, the average price per sq.feet was $187. In June this price pretty much remained the same at a value of $180 per sq.feet. In the following two months the price per sq.feet has increased 114 %, going from $183.5 to $209.5 per sq.feet. The price per sq.feet has had a considerable deflation of 48 % 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 $196.5 to $95 during September, and October.
Based upon to the price in Lancaster (cities), this has fallen considerably in the last 6 months. The average price for May is $221,364. During June the price had a considerable reduction till $184,906. During the following two months (July, August) the average price had a considerable increase of 117 % 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 $220,529.5 to $128,787, which means a 58 % fall.