The prices in real estate in Rutledge, in the Georgia 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 Rutledge has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $144. In November 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 barely changed, going from $141.5 to $142.5 per sq.feet. The price per sq.feet has had a considerable deflation of 45 % 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 to $64.5 during February, and March.
Based upon to the price in Rutledge (cities), this has fallen considerably in the last 6 months. The average price for October is $318,388. During November the price had a slight fall till $298,706. During the following two months (December, January) the average price had a considerable reduction of 82 % 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 $280,678 to $123,106.5, which means a 44 % fall.