Property prices for sale in Panaca (Nevada)
The prices in real estate in Panaca, in the Nevada 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 Panaca has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $158. In the following month the price per sq.feet increased considerably to $183. The price for the following two months in (January, February) decreased 91 % with regard to the prior two months. 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 $162.75 to $83 during March, and April.
Based upon to the price in Panaca (cities), this has fallen considerably in the last 6 months. The price in November is $244,800, rising in December till $268,333. In the following two months the average price has remained the same with regard to the previous two months from $256,566.5 to $246,333. During the last two months the average price has had a strong fall compared to the previous four going from $251,449.75 to $128,000, which means a 51 % fall.
