The prices in real estate in Port Jervis, in the New York region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Port Jervis has fallen in the last 6 months. In April, the average price per sq.feet was $141. In May this price pretty much remained the same at a value of $139 per sq.feet. In the following two months the price per sq.feet has increased 110 %, going from $140 to $153.5 per sq.feet. The price per sq.feet has had a considerable deflation of 57 % 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 $146.75 to $83.5 during August, and September.
Based upon to the price in Port Jervis (cities), this has fallen considerably in the last 6 months. In our first sample month during April, the average price is $232,828. In May This price remains at $229,222. In the following two months the average price has remained the same with regard to the previous two months from $231,025 to $241,734.5. During the last two months the average price has had a strong fall compared to the previous four going from $236,379.75 to $125,708, which means a 53 % fall.