The prices in real estate in Pacifica, in the California 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 Pacifica has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $793. In May this price pretty much remained the same at a value of $817 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $805 to $837 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 $821 to $416.5 during August, and September.
Based upon to the price in Pacifica (cities), this has fallen considerably in the last 6 months. In our first sample month during April, the average price is $1,235,387. In May This price remains at $1,230,197. In the following two months the average price has remained the same with regard to the previous two months from $1,232,792 to $1,260,697.5. During the last two months the average price has had a strong fall compared to the previous four going from $1,246,744.75 to $632,449.5, which means a 51 % fall.