The prices in real estate in Pike Road, in the Alabama 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 Pike Road has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $149. In May this price pretty much remained the same at a value of $149 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $149 to $150 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 $149.5 to $76.5 during August, and September.
Based upon to the price in Pike Road (cities), this has fallen considerably in the last 6 months. The price in April is $427,556, rising in May till $452,620. In the following two months the average price has remained the same with regard to the previous two months from $440,088 to $426,613. During the last two months the average price has had a strong fall compared to the previous four going from $433,350.5 to $198,567, which means a 46 % fall.