The prices in real estate in Nanuet, in the New York 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 Nanuet has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $264. In May this price pretty much remained the same at a value of $267 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $265.5 to $265.5 per sq.feet. The price per sq.feet has had a considerable deflation of 51 % 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 $265.5 to $135 during August, and September.
Based upon to the price in Nanuet (cities), this has fallen considerably in the last 6 months. In our first sample month during April, the average price is $443,387. In May This price remains at $448,847. In the following two months the average price has remained the same with regard to the previous two months from $446,117 to $463,084.5. During the last two months the average price has had a strong fall compared to the previous four going from $454,600.75 to $227,409, which means a 50 % fall.