The prices in real estate in Panacea, 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 Panacea has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $143. In December this price pretty much remained the same at a value of $146 per sq.feet. The price for the following two months in (January, February) decreased 85 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 0 % 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 $133.75 to during March, and April.
Based upon to the price in Panacea (cities), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $236,633. In December This price remains at $244,817. During the following two months (January, February) the average price had a considerable reduction of 58 % 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 $190,345.75 to , which means a 0 % fall.