The prices in real estate in Prospect Hill, in the North Carolina 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 Prospect Hill has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $44,899. In the following month the price per sq.feet decreased considerably to $37,919. The price for the following two months in (December, January) had a considerable decrease of 39 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 60 % 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 $28,706.25 to $17,344.5 during February, and March.
Based upon to the price in Prospect Hill (cities), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $366,250. In November This price remains at $373,000. During the following two months (December, January) the average price had a considerable reduction of 70 % 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 $314,191 to $181,625, which means a 58 % fall.