Property prices for sale in Marcella (Arkansas)
The prices in real estate in Marcella, in the Arkansas 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 Marcella has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $157. In December this price pretty much remained the same at a value of $152 per sq.feet. The price for the following two months in (January, February) had a considerable decrease of 49 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 74 % 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 $115.25 to $85.5 during March, and April.
Based upon to the price in Marcella (cities), this has fallen considerably in the last 6 months. The average price for November is $268,317. During December the price had a considerable reduction till $180,475. During the following two months (January, February) the average price had a considerable reduction of 40 % 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 $157,316.75 to $89,650, which means a 57 % fall.
