The prices in real estate in Pitkin, in the Colorado 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 Pitkin has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $7,811. In the following month the price per sq.feet decreased considerably to $4,699. The price for the following two months in (January, February) had a considerable decrease of 5 with regard to the prior two months. The price per sq.feet has had a considerable increase of 273 % 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 $3,288.5 to $8,979.5 during March, and April.
Based upon to the price in Pitkin (cities), this has gone downing the last 6 months. The average price for November is $507,700. During December the price had a considerable reduction till $414,892. During the following two months (January, February) the price has had an average incrementation from $461,296 to $484,892. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 95 %, going from $473,094 to $447,635.5 in March and April.