The prices in real estate in Ochopee, in the Florida 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 Ochopee has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $274. In the following month the price per sq.feet increased to $308. The price for the following two months in (January, February) decreased 93 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 46 % 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 $281.25 to $129.5 during March, and April.
Based upon to the price in Ochopee (cities), this has fallen considerably in the last 6 months. The average price during our first sample month during November, is $218,725. During December the price went through a considerable rise reaching $299,150. During the following two months (January, February) the average price had a considerable reduction of 81 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $234,213.75 to $104,166.5, which means a 44 % fall.