The prices in real estate in Riverview, in the Florida 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 Riverview has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $139. In May this price pretty much remained the same at a value of $134 per sq.feet. In the following two months the price per sq.feet has increased 109 %, going from $136.5 to $148.5 per sq.feet. The price per sq.feet has had a considerable deflation of 54 % 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 $142.5 to $76.5 during August, and September.
Based upon to the price in Riverview (cities), this has gone downing the last 6 months. In our first sample month during April, the average price is $273,804. In May This price remains at $283,812. During the following two months (June, July) the price has had an average incrementation from $278,808 to $305,047.5. During the last two months the average price has had a strong fall compared to the previous four going from $291,927.75 to $160,176, which means a 55 % fall.