The prices in real estate in Mead, in the Colorado 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 Mead has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $194. In the following month the price per sq.feet increased to $205. In the following two months the price per sq.feet has barely changed, going from $199.5 to $201.5 per sq.feet. 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 $200.5 to $101 during August, and September.
Based upon to the price in Mead (cities), this has fallen considerably in the last 6 months. In our first sample month during April, the average price is $481,748. In May This price remains at $501,805. In the following two months the average price has remained the same with regard to the previous two months from $491,776.5 to $513,173.5. During the last two months the average price has had a strong fall compared to the previous four going from $502,475 to $248,602, which means a 49 % fall.