The prices in real estate in Red Creek, in the New York region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Red Creek has increased strongly during the last 6 months. In November, the average price per sq.feet was $152. In the following month the price per sq.feet decreased considerably to $106. The price for the following two months in (January, February) had a considerable increment of 912 %. The price per sq.feet has had a considerable deflation of 10 % 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 $653 to $67 during March, and April.
Based upon to the price in Red Creek (cities), this has fallen considerably in the last 6 months. The average price for November is $358,144. During December the price had a considerable reduction till $218,500. During the following two months (January, February) the average price had a considerable reduction of 33 % 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 $192,369.25 to $147,466.5, which means a 77 % fall.