The prices in real estate in Meigs, in the Georgia 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 Meigs has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $13,221. In the following month the price per sq.feet decreased considerably to $3,556. The price for the following two months in (January, February) had a considerable increment of 208 %. The price per sq.feet has had a considerable deflation of 64 % 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 $12,922.75 to $8,275.5 during March, and April.
Based upon to the price in Meigs (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $144,675. During December the price went through a considerable rise reaching $229,978. In the following two months the average price has remained the same with regard to the previous two months from $187,326.5 to $178,702.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 152 % during the last two months.