The prices in real estate in Rio Frio, in the Texas 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 Rio Frio has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $7,839. In the following month the price per sq.feet decreased considerably to $4,171. The price for the following two months in (January, February) had a considerable decrease of 30 with regard to the prior two months. The price per sq.feet has had a considerable increase of 265 % 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 $3,894.5 to $10,322.5 during March, and April.
Based upon to the price in Rio Frio (cities), this has gone up in the last 6 months. The average price during our first sample month during November, is $495,625. During December the price went through a considerable rise reaching $634,467. In the following two months the average price has remained the same with regard to the previous two months from $565,046 to $549,917.5. During the last two months the average price has had a strong fall compared to the previous four going from $557,481.75 to $448,372.5, which means a 80 % fall.