The prices in real estate in New Kingston, in the New York region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in New Kingston has fallen in the last 6 months. In November, the average price per sq.feet was $485. In the following month the price per sq.feet increased considerably to $565. The price for the following two months in (January, February) decreased 92 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 54 % 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 $505.25 to $272 during March, and April.
Based upon to the price in New Kingston (cities), this has gone downing the last 6 months. The average price during our first sample month during November, is $1,408,000. During December the price went through a considerable rise reaching $1,761,000. In the following two months the average price has remained the same with regard to the previous two months from $1,584,500 to $1,513,000. During the last two months the average price has had a strong fall compared to the previous four going from $1,548,750 to $716,600, which means a 46 % fall.