The prices in real estate in Orwell, in the Vermont 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 Orwell has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $236. In the following month the price per sq.feet decreased to $220. In the following two months the price per sq.feet has increased 115 %, going from $228 to $261.5 per sq.feet. The price per sq.feet has had a considerable deflation of 43 % 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 $244.75 to $106 during March, and April.
Based upon to the price in Orwell (cities), this has gone downing the last 6 months. The price in November is $533,333, rising in December till $594,333. During the following two months (January, February) the average price had a considerable increase of 124 % 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 $632,416.5 to $242,833.5, which means a 38 % fall.