Property prices for sale in Phelps (New York)
The prices in real estate in Phelps, in the New York 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 Phelps has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $1,746. In the following month the price per sq.feet decreased considerably to $1,369. The price for the following two months in (January, February) decreased 89 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 12 % 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 $1,474 to $181.5 during March, and April.
Based upon to the price in Phelps (cities), this has gone up considerably in the last 6 months. The average price for November is $191,200. During December the price had a slight fall till $169,489. During the following two months (January, February) the average price had a considerable increase of 144 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 134 % during the last two months.
