The prices in real estate in Mars Hill, in the North Carolina 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 Mars Hill has had a strong decrease during the last 6 months. In May, the average price per sq.feet was $187. In the following month the price per sq.feet increased to $197. The price for the following two months in (July, August) decreased 89 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 50 % 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 $181 to $90 during September, and October.
Based upon to the price in Mars Hill (cities), this has fallen considerably in the last 6 months. The average price during our first sample month during May, is $508,111. During June the price went through a considerable rise reaching $602,222. In the following two months the average price has remained the same with regard to the previous two months from $555,166.5 to $527,450. During the last two months the average price has had a strong fall compared to the previous four going from $541,308.25 to $231,608.5, which means a 43 % fall.