Property prices for sale in Lorenzo (Texas)
The prices in real estate in Lorenzo, 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 Lorenzo has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $81. In the following month the price per sq.feet decreased to $76. In the following two months the price per sq.feet has barely changed, going from $78.5 to $75 per sq.feet. The price per sq.feet has had a considerable deflation of 49 % 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 $76.75 to $37.5 during March, and April.
Based upon to the price in Lorenzo (cities), this has fallen considerably in the last 6 months. The average price for November is $124,900. During December the price had a considerable reduction till $101,488. 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 $103,595 to $51,975, which means a 50 % fall.
