Property prices for sale in Locust Fork (Alabama)
The prices in real estate in Locust Fork, in the Alabama 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 Locust Fork has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $4,545. In December this price pretty much remained the same at a value of $4,516 per sq.feet. The price for the following two months in (January, February) had a considerable decrease of 40 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 2 % 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 $3,170.75 to $74.5 during March, and April.
Based upon to the price in Locust Fork (cities), this has fallen considerably in the last 6 months. The average price for November is $306,800. During December the price had a considerable reduction till $217,975. During the following two months (January, February) the average price had a considerable reduction of 30 % 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 $170,818.75 to $91,316.5, which means a 53 % fall.
