The prices in real estate in Lovingston, in the Virginia 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 Lovingston has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $1,388. In the following month the price per sq.feet decreased considerably to $140. The price for the following two months in (January, February) had a considerable decrease of 14 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 39 % 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 $435 to $170 during March, and April.
Based upon to the price in Lovingston (cities), this has gone up in the last 6 months. The average price for November is $329,365. During December the price had a slight fall till $311,978. In the following two months the average price has remained the same with regard to the previous two months from $320,671.5 to $329,800. Based on an analysis of the first four prices and the last two months the average price has risen strongly 124 % during the last two months.