The prices in real estate in Mine Hill, in the New Jersey 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 Mine Hill has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $58,319. In the following month the price per sq.feet decreased considerably to $11,507. The price for the following two months in (December, January) had a considerable decrease of 34 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 23 % 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 $23,317 to $5,417 during February, and March.
Based upon to the price in Mine Hill (cities), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $318,213. In November This price remains at $331,863. In the following two months the average price has remained the same with regard to the previous two months from $325,038 to $339,850. During the last two months the average price has had a strong fall compared to the previous four going from $332,444 to $161,843, which means a 49 % fall.